Supply is increasing. Have you not read the latest SQM report where they are increasing production for the remainder of CY19 and then putting the foot down next year and really ramping up supply.
The big producers have got the market covered. Little players like GXY and co are just a casualty of an overhyped market that hasn't and will continue to fail to live up to expectations. We are towards the end of 2019. Where are all these EV sales everyone said was going to provide a flood of demand for lithium. It ain't happening. EVs are a niche market and I've seen nothing to think it will go mainstream anytime soon.
GXY Price at posting:
$1.18 Sentiment: None Disclosure: Not Held