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I think you are right asb. It will take quite a while for the...

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25/06/20

17:00

Post #: 45453007
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Originally posted by asb83: ↑

It's not in the interests of any lithium producers for other projects to be developed given that the market is saturated already and future development will only add to the woes of existing producers. Equilibrium in the market is still the best part of 2 years away according to many experts in the industry. And then you have existing producers who have already curbed production then ramping up supply back to pre-curb volumes. So we are many years away until the market is in a net shortage position, IMO.

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I think you are right asb. It will take quite a while for the market to be in a net shortage position given the amount of curbed production to come on stream. What interests me is, what price of spod will bring the likes of Wodgina (750,000t with 95% already sunk capex) back into production
and will GXY be profitable at that price?
I certainly wish I had heeded the MS oversupply call and sold out at the time............ but I guess it was another learning experience!! LOL

P

GXY Price at posting: 81.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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