Good News & Bad News, page-37999

There most likely was no undersupply in 2022(hindsight). The thing that caused prices to skyrocket was crazy Chinese buying of raw materials and overproduction of lithium chemicals. Just like everyone else they got suckered into the lithium hype. That is why they are still trying to clear inventory more than a year later even though EV sales were up around 40% in 2024. This hypothesis had also been acknowledged by Joe Lowry(Mr Lithium) as being the most likely explanation. It is the most sensible comment he has made in the past 2 years in my opinion. Some people are still trying to explain what the heck happened from 2022 to 2024 with lithium prices. This is the only explanation that makes sense to me. Very bizarre.
Anyway, sorry to hear about your losses. Tough situation. Cut or sit tight. I can see a lot of production dropping from the market and new projects just won't be financed. So maybe in 6-12 months things may look better if EV sales continue to grow.
on the negative is that there will be a few projects waiting for pricing to improve, but it may give producers like PLS a good 2 or 3 years before those could even be built to again build the cash in bank. There may then again be another severe wiplash around 2027-28. All depends on lithium demand. Good luck though.