"While lithium prices may not go too much lower, a sharp...

"While lithium prices may not go too much lower, a sharp turnaround appears unlikely. A massive expansion in supply and a slowdown in growth rates for EV sales have contributed to the slump, and Benchmark Mineral Intelligence doesn’t expect the global market to return to deficit until 2028.“I think it’s fairly given that the lithium price will be very, very volatile,” Rio Tinto Group’s chief executive officer, Jakob Stausholm, said in a Bloomberg Television interview on Wednesday. (yesterday!) ...Continued overcapacity in the market is inevitable, fuelled by a surge in investment seeking to benefit from increasing energy transition demand in the years ahead, Yasmin Liu, chief integration officer at Tianqui Lithium, said at an industry conference in Shanghai on Wednesday. ...The plunge in lithium prices has almost reached a bottom, but an extended period of weakness is still likely, Wei Xiong, an adviser at raw materials trader Traxys, said at the conference in Shanghai. A turning point to monitor is “whether high-cost mines will exit”, he said."

Reading this I'm not unhappy that Trek shifted focus to gold and other minerals. Guess if they had more drilling-luck at Tambourah our SP did not fly very high. They are still planning some activities there for next year but as there also is a potential for gold the question is if they can exclude the exploration rights for gold from a potential JV agreement.