“Speaking to Benchmark Mineral Intelligence analyst Cam Perks at the Benchmark Gigafactories APAC Conference in Perth today, MIN lithium CEO Josh Thurlow said Jianxiawo’s closure, if permanent, would take a “sizeable chunk” of supply out of the market.
“Everyone’s been sort of watching the lithium price fall over the last eight months and wondering when,” he said.
“The report this morning from UBS sort of called China bottoming out on the lithium price. It has a big implication for not just here in Australia, but the global lithium market.
“It does indicate that at these current prices, people aren’t going to be able to sustainably operate.
“So I think we’ve all sort of known that for some time, and we’ve been waiting for supply to start coming out of the market.”
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