Canadian spodumene producer Nemaska Lithium's filing for bankruptcy protection could be a bellwether moment for spodumene producers searching for capital while lithium prices continue to fall, making upstream investment seem unattractive, market sources have told Fastmarkets.
The Canadian junior miner filed for bankruptcy protection on December 23 last year to provide it with more time to seek refinancing.Nemaska signed an offtake agreement with LG Chem in 2018 - due to start in 2020 - for 90%...