global economy looking wobbly, fedex indicating global trade slow done, China-US trade tensions still unresolved, Brexit interminable. Tesla and others expect robust demand even in a recession but realistically the next few years if EV transition will be greatly eased by global growth and China not coming off rails. Nightmare scenario is a supply glut of lithium with EV demand evaporating - although that might depress battery prices and paradoxically accelerate thr journey to EV ICE price parity.
my understanding is that 100% of AJM phase one can be absorbed through offtakes so we should be able to tread water at least until demand side picks up.
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