Galaxy looking for inflection point as market bottoms

IT’S tough out there in the lithium market with demand fully satiated, so Galaxy Resources is looking to halve production in 2020 to cope with the lithium concentrate oversupply, but CEO Simon Hay can see the inflection point coming with plenty of new customers banging on the door.

Galaxy looking for inflection point as market bottoms Galaxy looking for inflection point as market bottoms Galaxy looking for inflection point as market bottoms Galaxy looking for inflection point as market bottoms Galaxy looking for inflection point as market bottoms

There are no cloulds in Galaxy's sky.

The shuttering of Western Australia's Wodgina and Bald Hill mines in has helped reduce some supply-side pressures and had made Galaxy's Mount Cattlin operation look even more reliable, he said.