Nemaska bankruptcy protection filing threatens to stall investments in lithium projects
Published: Wednesday, 08 January 2020
Nemaska Lithium has sought protection from its creditors amid difficulty expanding which, coupled with the current low-price environment, could mean there is a struggle among junior miners to access the capital required.
Nemaska's filing for bankruptcy protection could be a
bellwether to spodumene producers searching for capital, while
lithium prices continue to fall, making upstream investment
seem unattractive, market sources told Fastmarkets.
The Canadian junior miner filed for bankruptcy
protection on December 23 to provide it with more time to