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In Australia the mining industry is faced with a level of
oversupply of spodumene that has resulted in mines either slowing
down production or in some cases going into "care and maintenance"
to quote the recent announcement from Albemarle. Demand has moved
sideways with continued growth in both North America and Europe
while China has slowed compared to last year at this time.
Much of the slowdown in China is related to reduction in subsidies.
The last big influence in the market today is the continued
breakneck pace of announcements by Automakers of new models,
alignment with suppliers and the commitment to electrifying
drivetrains.