It doesn't take a rocket scientist (or lithium expert) to know that the price of lithium will continue to decline well into the foreseeable future. The market is awash with an oversupply of lithium. Companies cutting back production has barely put a dent into the supply vs demand equation. Even after cutting back production, companies are still struggling to offload their reduced production rates. The big players are ramping up supply in 2020 to flex their muscle and dominance, so there is more pain to come. How this is still a $400m stock is quite a mystery
GXY Price at posting:
90.3¢ Sentiment: Hold Disclosure: Not Held
