Ann: New Exploration Intersections Add to Finniss Potential, page-46

I’ve been doing a bit of research and reading, and it would seem that spot prices for domestic Chinese lithium product have been decreasing week on week as a result of a battle for market share in China.

It seems Qinghai-based lithium producers are continually offering product at lower prices in an attempt to drive producers with higher production costs out of the market.

As a result of this, not only is it responsible for the decline in domestic prices, but other spot prices across China, Japan, South Korea, Europe and the US are being influenced by this decline and its decreasing price trend.

Due to this, it is creating current weak demand/buying by consumers as consumers are waiting for the market to bottom out and reach lower prices.

Once this happens, once it bottoms out, once the battle for market share in the Chinese domestic market is over, hopefully this will see a trend change, see buying pick up, see spot prices recover, see a sentiment change, see lithium stocks start to recover.

Until then, while spot prices across the board decline, unfortunately you would think stocks will decline with them.

All IMO

Some reading:

Article last month re Qinghai producers battling for market share:

https://www.fastmarkets.com/article...p-battle-over-market-share-triggers-price-war

Summary of lithium market from 4 days ago:

https://do not advertise external s...thium-carbonate-prices-edge-further-down.html

A lithium trading log for the month of August showing the declining trend in price, bids and offers for battery grade lithium carbonate (this appears to be one of many price logs)

https://do not advertise external sites/Article/3824945/Lithium/Trade-log-August-2018-Lithium.html

All IMO

GLTAH