Who says Lithium Carbonate demand is low? If it was, then other producers wouldn't have been able to get away with 20%+ price hikes.
No one seems to like the $4mil a month cost saving from suspending Mt Cattlin ops. Even though there's a year's supply of spodumene to supply the JiangSu plant.
Maybe the former Lithium One insto holders are getting out?
Here's an article I found on NASDAQ....
http://www.nasdaq.com/article/galaxy-resources-mt-cattlin-operations-to-be-temporarily-halted---quick-facts-20120712-00093
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