That the stockpiles of lithium in China are growing larger and larger due to the underperformance of processors and this is why shorts are betting on a oversupply for a couple of years and a dropping in prices/demand - MS situation?
That plants are also being built to allow conversion of the DSO?
Green bushes and TAW are the only two Australian companies to produce grades in excess of 6% consistently to date which can go straight to battery grade processors.
GXY produce from 5.5% - 6.0% and CXO I think will be selling 5% if they get to that stage.
So it seems 5% + is inferior but acceptable to many processors……...
PLS Price at posting:
90.5¢ Sentiment: None Disclosure: Not Held
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