Ann: Annual Report 2018, page-6

This was inevitable to some degree, but they certainly sound to be stressing it fairly clearly...

"The price for Mt Cattlin product in 2019 will be lower than 2018. Factors influencing price include new supply into the market and delays in demand primarily caused by implementation of more stringent environmental regulatory compliance requirements impacting completion of downstream converter facilities in China. Therefore, it is a function of the lithium industry maturing that the super margins on Mt Cattlin product that Galaxy has enjoyed by being an early entrant to the market will now come back to more sustainable levels."