PLS chart, page-17370

There are many new mines opening up and many are expanding operations just here in Australia alone.
Australia in 2022 exported 46% of the worlds lithium.

Mines are opening up in South America along with other countries. Its an over supply issue going on right now.
Posted all about that yesterday in a long post along with all the companies expanding operations along with new mines
and that was only in Australia.

Its why the lithium price is falling.

Seen it all before with iron ore in 2007 with many new mines coming online then the price free falls
to the point where they make a loss and the bigger players survive and prosper then the price goes back up.

Then go add other world problems and its a perfect storm.

The biggest problem is computer chips are years in back log of orders and why anything to do with electrocs
is stalled which causes supply issues.

Came about during covid when the chip manufacturers all thought no one would buy anything because they are all staying at home.
It was a massive mistake and will take years to correct.

Its why if buying a car now you have to wait months or buying a computer or anything really.