Their shutting down indicates the dire state of the lithium market.
Price is down 85 effing % in 12 months.
While I didn't expect it to stay anywhere near the crazy highs of a year ago, I didn't see it quite back to $1000 so soon either.
Was hoping we'd open up with the price of spod around $1500.
If the price is still here when we and LTR open up then you can expect our supply to create the kinds of prices that sent the likes of AJM broke.
We still survive, and even make a profit for sure as a low cost producer - but forget about big SP runs.
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