Well as Dr. Manhattan put it: Current slump is due to Greenbushes, PLS, AJM and A40 flooding the market with 1.2mt of product only in 2019. Then goes on to project that EV sales with 40% will outpace lithium production @10-20% going forward. Completely ignoring that you can't produce more EVs than you have lithium for. Or that it would take PLS 2 years to go from studying to commissioning that combined output from 2019 by: Greenbushes, PLS, AJM and A40. And that's just PLS! That's the problem with number crunching assumed numbers and statistical analysis. It assumes PLS won't go straight for 10 or 15mt expansion and that Rio Tinto board won't decide to start up Jadar project or that AVZ won't get funding to start building mine, etc, etc in contrast with their projections. There is a lot of possible supply out there that can be brought online in 1 to 3 years time. And as we know in business, everyone wants a piece of the pie ASAP. It's time to look at companies and see who their offtake partners are, who are their major backers and shareholders. It's a lot better indicator of who the winners and who the losers will be, and there will be winers and losers when the dust settles down on lithium miners. Rather then hoping for demand to lift the product prices.
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