Ann: March 2018 Quarterly Report clarification, page-81

Looks like lots of emotions here as far as I can see.

There was a poster calling me a rookie not to take into account on the demand side.
I have looked at both sides of the equation and the price of LCE came down 10% over the quarter.

In GXY's own words:

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Galaxy said prices for lithium carbonate in China declined by 10 per cent during the period, while prices for lithium hydroxide (which is increasingly preferred by battery manufacturers) declined by 3 per cent.
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Read more: http://www.copyright link/business/mining/galaxy-shares-slump-on-weak-lithium-output-20180423-h0z4qd


Also - is the stockpiling due to price decline? (ie: Cannot move as GXY is on the high end of the LCE cost curve compared to majors like SQM, ALB, etc)