Nemaska bankruptcy protection filing threatens to stall investments in lithium projects

By Michael Greenfield, Michael Greenfield
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 seek refinancing....

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