The existing producers needs to position themselves ready for rebound in lithium prices.
They want to secure production pipe line to get benefited from higher lithium prices when market will rebound.
PLS have the DFS technology so they would try to secure solid Hard rock projects.
Those producers sitting with strong cash balances would realign in this market with M&A.
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Phoenix Water - PXW - Lithium - 100x, page-2066
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