Right.. so then demand would massively outlay supply and you’d have a scramble for supply at spot prices would reach 8000/ t again as westen suppliers ramp back up mines that have been on c&m and the cycle starts again..
What westen producers are currently doing is staying operational for as long as they can until demand outweighs supply, (which is only 1-2 projects coming off ie wodgina) and prices will spike in which case every producer wants to capitalise on as much of the uptick as possible
I’ve said it before.. who ever blinks first for the remainder of the year will be a loser and the rest will be winners… Elevra is showing no interest in c&m which tells me in 2026, they will be winners
SYA Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
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