Yes, a buyback would be madness. Li prices could remain suppressed for several years. The amount of supply coming online is huge. We should be in survival mode. On the surface the loans to A40 seemed like a clever play, but we might need that money in the future if this downturn lingers. Some analysts are saying prices will be suppressed until 2025. The new norm for GXY may be small margins and penny pinching.
GXY Price at posting:
99.0¢ Sentiment: Hold Disclosure: Held
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