OMG! https://www.fastmarkets.com/insights/spodumene-prices-continue-to-fall-amid-weaker-demand-for-lithium/
Fastmarket is predicting a MASSIVE oversupply for next year based on this article.
In numbers: the oversupply will be 0,3% of total demand/supply.
Now that's really MASSIVE oversuppy, isn't it?
I would call that a balanced market!