https://www.********.au/2019/01/24/galaxy-resources-share-price-crashes-lower-on-disappointing-quarterly-update/
"Reduced margins in lithium chemical sales have resulted in a reduction in the contracted price of spodumene for 1H CY2019. Whilst contract prices are notably weaker than 2018 they have not reduced by the same percentage magnitude as the fall in Chinese lithium carbonate prices throughout 2018.”Should you invest?
While Galaxy has a collection of world class lithium assets and a hefty cash balance, until prices improve I would suggest investors stay clear of it and the rest of the lithium miners.
