I’m not quite sure how you reached the conclusion that next to no supply will come online. Gangfeng is ramping up to produce 67.5kt LCE from Goulamina Stage 1 alone.
Then there’s PLS’ P1000 expansion (construction just completed), Sigma’s Grota Di Cirollo Stage 2, Manono (due 2026), and many others I’ve missed, on top of the other latent capacity of PLS, CXO, MIN (Bald Hill), etc.
By my count, there’s still a very large wall of supply looming over the next 18-24 months.
AGY Price at posting:
2.5¢ Sentiment: None Disclosure: Not Held
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