1. Limited production capacity - Millennial Lithium Corp has a relatively small production capacity compared to its peers, which limits its ability to meet growing demand for lithium.

2. Higher production costs - The company's production costs are higher than those of its peers due to its smaller scale of operations and the need to invest in new technologies and infrastructure.

3. Limited geographic diversification - Millennial Lithium Corp's operations are concentrated in Argentina, which exposes the company to political and economic risks in that country.

4. Limited product diversification - The company's focus on lithium production limits its ability to diversify its product portfolio and generate additional revenue streams.

5. Limited market share - Millennial Lithium Corp has a relatively small market share compared to its larger peers, which limits its ability to influence market prices and negotiate favorable contracts with customers.

6. Limited financial resources - The company's smaller size and limited financial resources may make it more vulnerable to market fluctuations and economic downturns.

7. Limited brand recognition - Millennial Lithium Corp is a relatively new player in the lithium market and has limited brand recognition compared to its more established peers.