lithium is in a slump with over supply and that is without a stage 2 commitment by any of the the producers at the moment. Stage 2 will not be going ahead as i see it. the oversupply is forcast to last until 2023 with a report out 2 days ago. Orocobre has slumped as prices keep weakening. I thought Li was a good investment and never expected the markets to change course for such an extensive period of over supply. 2023....thats another 4 years. I'm just thankful that we have sold all of stage one to offtake partners to keep us afloat. I suspect that we will be heading down to $570 per ton.oh well at least we have insurance with offtakes. Our only problem looking ahead is the Australian dollar....ie if and when it recovers.
Next shipment, page-169
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