Chart, page-15134

I think the bottom will come when the oversupply shrinks.
That could be a year or 18 months away.
It is clear to me that contracts from battery makers have dried up.
Last 6 months saw deliveries that battery makers will have to stockpile.
Hence Galaxy will have very few deliveries over the next 6 months.
Batteries are being manufactured faster than vehicles are being produced.

When we see contracts being increased we can say
That it looks like a bottom.
There is no sign of that in the present market.
All there is at the moment is wishful thinking.

Cheers