https://www.marketindex.com.au/news/dont-hold-your-breath-lithium...

https://www.marketindex.com.au/news/dont-hold-your-breath-lithium-investors-unless-you-can-do-it-for-4-years

Writer notes demand is still increasing but supply is increasing faster, and for the next four years, so prices will remain depressed.
It pays to be a low cost producer when the market is depressed and li prices are way down. So Galan will have that advantage once they are actually producing.

Galan just needs to get through the next 12 months and complete stage 1 construction in the best way possible. If stage 1 construction is to be halted until lithium sentiment improves, it could be halted for nearly half a decade ! I can’t see any way construction could be mothballed for 4 years to wait for li prices to increase, assuming the writer is correct, and the economic feel seems to indicate they are.

The question is, what converter will provide funding with plentiful li supply available from other sources ?
A JV would require a massive part of the company to change hands.
CRs will be a slow death.
A merger with a cashed up established lithium company ? After getting torched in Serbia, and trying to get the DLE operation in Rincon going, maybe Rio’s lithium subsidiary company (I assume they have one) want to back a winner?