SYA 0.00% 3.3¢ sayona mining limited

What are the chances we'll see another Li oversupply situation...

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    What are the chances we'll see another Li oversupply situation in the near future, like say before 2025?
    The oversupply back in 2018 (either fake news or real, whichever it was it went from oversupply back to undersupply pretty bloody quickly) might have been engineered to drive down prices? Subsidies for NEV's was also removed at the same time. In any event yes it did take out some miners. From what I remember AJM was in debt with terrible terms and the lenders refused to extend the loan. AJM went under and PLS got a cheap mine. Correct me if I got any of that wrong.
    I'm sure it's been analysed but will SYA remain profitable if/when Li prices fluctuate? I'm hoping with the Canadian Gov's backing and when we start producing we won't be as exposed to any future market crash.
    This article suggests a deficit out till 2030.
    From tradingeconomics.com
    "Lithium carbonate prices in China were at 496,500 yuan/tonne in early April, marking an 80% gain so far in 2022 amid soaring global demand and supply scarcity. Surging energy prices due to Russia’s invasion of Ukraine strengthened the appeal to transition away from fossil fuels, adding to the booming demand of electric vehicles. After rising 157% to 3.2 million units in 2021, electric vehicle sales in China are expected to cross 5 million in 2022. Also, Deloitte forecasts a 29% compound annual growth in electric vehicle sales, totalling 32% of new car sales by 2030. At the same time, reports from Mineral Benchmark Intelligence indicate that Chinese lithium inventories remain low. The difficulty for miners to find new sources or develop new technologies to source lithium from brines make producers unable to match higher demand. Lithium’s supply deficit is estimated to expand to 26,000 in 2022 and 300,000 by 2030."





 
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