Brine is definitely copping the worst of it at the moment but Aussie hard rock developers have been feeling it as well.
Here is GL1. They started their run much later than us and rebounded higher than us after the July 2022 low (in the latter part of 2022 and early part of 2023). Their shorter term trend has been more positive, though the longer term trend is still negative.
This one is CXO. Being an early stage producer obviously puts it in a different category but you can still see the similarities in the overall price action. Yes, CXO has had their issues as they enter production but if the overall lithium sentiment was better the market would be shrugging off those issues more effectively.
Again, I'm just posting these to show that the pain is by no means specific to Galan and being felt across the industry.
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