Absolutely agree. Wodgina being mothballed was the catalyst. Analysts were highly concerned that Wodgina was 99% complete with a capacity of 750ktpa. Greenbushes previously placing their ~600ktpa expansion on hold that was expected to be commissioned late 2020 also helped with sentiment. Spodumene oversupply is a major cause for concern and the fact that the biggest players in the industry have taken dramatic steps to address this issue is major news.
GXY Price at posting:
$1.07 Sentiment: Buy Disclosure: Held
