I don’t own LTR but I am majorly invested in Australia’s largest...

I don’t own LTR but I am majorly invested in Australia’s largest spodumene producer/exporter - so have a vested interest in high lithium prices.

Taking a “whole of market” view - it’s widely agreed we are in an oversupplied or surplus environment leading to depressed prices. Few would argue otherwise (perhaps Lurra might?).

Let’s say everything goes exactly to plan for LTR and they arrange non dilutive finance (unlikely imo). They move to production & start selling product into an already oversupplied market. This will create more supply and further put downward pressure on prices.

How does that benefit LTR? Or, more importantly (to me) how does it benefit the wider Lithium industry?

Personally I would be happier if all current producers unilaterally decided to reduce production (but most cannot as they need cashflow &/or lack the finances to be able to do so).

DYOR IMO