Just was listen to Ben Clark on "the Call" today talking about LTR and he said that 3/4 of lithium mines are unprofitable at todays prices...
75% are not making any money.
gee, I wonder how long they can continue on without putting their mines in care and maintenance or going out of business altogether.
One thing for sure, it looks like there is going to less lithium around and a likely higher spod price in the future.
All bodes well for PLS who is at least making some money at $1000 and slowing building a mine - increasing capacity to 1000kmt a year to become the leader in the lithium space.
Lithium mines that have closed or about to close, page-40
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