Ann: Quarterly Report - December 2018, page-191

The last paragraph on page 9, which begins as “The current state of the Lithium market presents a firm foundation for price recovery and potential industry consolidation.” is very critical, I feel.

Why very critical? Because it describes how GXY management (the experts in reality .... not commentators) sees Lithium in ‘19.

My understanding is described below. Please fellows, am I correct ? If not what’s your take on it ? Does that view of GXY’s relate to demand of spod and Lithium chemicals going forward ?


Mmmm .... In a nutshell, GXY is saying that because there’s not enough profits for participants in the supply chain, it will lead to less demand for capital investments to produce more spod and Lithium chemicals going forward. GXY believes supply will therefore steady up and balance with demand leading to price recovery and potential industry consolidation.