Good to see another lithium project in nemaska bite the dust. I said yonks ago that this is what the market needed.
Record EV sales in 2019 and still a market flooded with lithium despite pretty much every producer substatially cutting back production and many dying. Geez, imagine how flooded the market would be if this didn't happen. GXY still hasn't shipped in months, so things aren't exactly improving.
This is why SDV is practically worthless. There is no demand for new projects. Existing projects are already way below nameplate, so there's a lot that existing producers can supply before the market needs new assets producing.
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