If the delay was caused by the customer then that's a worry as PLS had similar problems with their customer.
The question to ask is if there is a major shortfall in supply why aren't these customers stockpiling whatever they can get and why is the Spodium price still falling.
With many additional supplies coming on line over the next 3 years via new mines/ramp up's of existing mines I am not convinced that the demand will outstrip supply.
I remember the CEO from PLS saying that the next 3-5 year's would be a sweet spot for the Lithium price and then after that the price would come down and stabilize as supply caught up with Demand.
He said that around 2 years ago which means if correct the Lithium price will not be substantially higher in 3 years time but in fact will be likely be lower than it currently is.
My guess is that several Junior Lithium companies will not survive and there will be quite a bit of consolidation in the industry.
The top Lithium companies will survive and eventually benefit from the consolidation but there may well be quite a bit more pain to come before that happens.
GXY Price at posting:
$1.24 Sentiment: None Disclosure: Not Held
