I would say that a lot of weakness has already been factored...

I would say that a lot of weakness has already been factored into the SP so don't see s perfect correlation nor would I extrapolate this onto SYR. Some positives might emerge which could result in a better than expected quarter.

progress update on Bam
reduction in mine costs
increase in sale prices for Graphite contracts
increase is larger course flakes mined and reduction in fine flakes mined.
Korea and China are investing 100 of millions in new facilities and factories to produce batteries for the EV market.

Glencore had many issues with illegal miners who died while trespassing and mining illegally. They over capitalised on these projects. These mines would dwarf what Syr are producing so makes sense to slow production for now.

Glencore are simply reducing supply which will increase price of commodities. (They have other mines which are better managed and more efficient.)
Once prices recover,the mines will be reopen. They simply tweaking their supply/demand levers.

Copper and Cobalt have taken a massive hit and would say that they are at the stages of looking to recover. Also correct if I'm wrong but these metals are being taxed higher than lithium and graphite.

SYR have the ability to reduce sales contracts but obtain better pricing.