Not sure if this is would be good or bad news for the Lithium...

Not sure if this is would be good or bad news for the Lithium sector.

Talison Lithium in Greenbushes will be looking at voluntary and forced redundancies for staff this week.They are cutting production , production costs etc , and process plants 3 and 4 are on hold till end of 2022.
I believe that Tianqi . the Chinese part owner has not paid monies for quite some time , and may not pay monies owed for quite some time.

And further to this , Albemarle have slowed down the Kemerton Lithium process plant to one train of production .The original was for three trains , then extension to 5 later on.
Train 3 has been put on hold , Train 2 has been slowed to pretty much on hold , and Train 1 is the only one currently under construction.
Materials are very slow in coming in.
Only 1 kiln is going in , instead of the original 3 also .

Source - Sons G/F works for Talison in Greenbushes and will know this week if she is out of a job or not .
Source - i am on the construction at Kemerton.


GLTAH -