That may be the case, but:
“the above chart accounts for around 35% of global lithium minerals supply”
That is a considerable portion of the market.
A growing market.
Do you (or anyone) really think these coys will go bust / produce at significant loss for “the next few years”, with the shortfall rapidly and readily made up by new African etc mines…?
What’s the average time from kicking rocks to producing again??
We should all know by now that it takes quite a few years to get a mine to production.
I highly doubt that a big chunk of current production will remain underwater for years more and be simply replaced by new operations that are somehow magically very significantly lower cost.
Imo
Dyor
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