Spodumene Prices, page-2080

Yes agree, I want evenly distributed profit margins for all players along the chain, which makes for a smoother transition. But due to how things have played out over the past 2 or so years, that's not possible for the short to medium term, given the limited new supply coming over the next 2 to 3 years, and therefore end product producers will be left with no choice but to downgrade their sales forecasts, which in the EU and China, if there is no relief from CO2/km penalties, the ability of auto OEM's to operate profitably and deploy capital for new tech further diminishes.

I want to believe the battery and auto OEM's were relying on old data, (i.e. all the projects and expansion plans that were due to come on line in 2017 and 18 cycle). However, if they had payed close attention to their future needs, they would have recognized how hard it was for new lithium projects to get financed through to production, particularly in the subsequent downcycle, so on that last note, I find it hard to give them the benefit of the doubt.