Yeah, I smell BS too.
All greenfield projects, upgrades, extra capacity projects have extended timelines due to long lead times. I know first hand that lead times of equipment are still severely impacted and likely will continue through to next year,
So, that's not going to support the surplus argument.
Another issue the Lithium industry faces is the Lithium expertise is limited, keeping in mind it's transforming from a relatively small industry (pre EV) to a massive industry almost overnight. I would imagine the knowledge pool of talent is likely already snapped up and in high demand - if you haven't started building the mine - you have long lead times on equipment and where are you going to find the highly specialised and experienced people?
All of this in a backdrop of ever increasing EV sales...
Yep, bollocks indeed.
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