With so many new suppliers coming on market, coupled with the introduction of new tariffs in both US and EU, this sector is bound to hit the oversupply problem - and it has.
Politicians in both the US and EU are determined to protect jobs in the ICE sectors, so its going to be sometime before demands meet supplies.
And with the election of protectionist politicians, I think this policy will continue (protecting ICE sector).
As such, the transition from ICE to EV in both the US and EU, will be slow, thus slowing demands in Lithium.
Li companies that are NOT highly leveraged will survive.
But companies that are highly leveraged will be swallowed up.
Just like the last downturn. Gina is in the best position to watch and wait before pouncing; just as she did with AGO.
IMHO, I don't think we have seen the bottom yet.
With so many new suppliers coming on market, coupled with the...
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