Another spin on the hard times...
I'm wondering what a downturn does to the development of non-financed investment in new Li Mines (gaining access to capital to get it off the ground). Could it be that it pushes out a longer Li deficit (as there is no new supply) and as a result a higher spod price and bigger margins for LTR from 2024?. obviously a downturn would result in some reduction in demand but would this reduction be compensated by govt initiatives in EV/ battery storage etc?
Thoughts...
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