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Global Lithium (ASX:GL1) is the latest company to be hit by a downturn in global lithium prices (read: a massive ramp-up of supply and fading bullish psychology when it comes to EV demand.) The company has announced it’s pausing its Definitive Feasibility Study (DFS) for the Manna lithium project; reducing corporate and overhead spend, and perhaps most telling, reducing its board size from four to three – a move to be confirmed at the company’s November AGM. In turn, shares in GL1 were down -10.5% in the second half of lunchtime trades, falling to 17cps. According to its announcement on Tuesda…

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