There are large stockpiles and junior producers under every rock. The market is very likely to continue to be in spodumene/brine surplus as more supply is easy to find. GXY, PLS, MIN, SQM and the rest have reduced production. They can easily ramp it up.
The increase in prices for carbonate and hydroxide will likely come from insufficient conversion facilities until end of 2020 imo. I think it is very likely that Spodumene prices will remain very low for all of 2020. If PLS cannot achieve efficiencies, we are in serious trouble.
Hell, companies like GXY, which are very cheap producers are still burning cash, we can't keep keep PLS afloat with capital raising if it continues to lose money.
PLS Price at posting:
30.5¢ Sentiment: Hold Disclosure: Held
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