Nothing sinister.
Simple explanation.
https://www.spglobal.com/commodityi...low-in-april-as-pandemic-curbs-disrupt-demand
S&P Global assessed battery-grade lithium carbonate at Yuan 475,000/mt ($74,612/mt) April 13 on a DDP China basis, down 6.9% from the record high reached on March 15.
BUT
supply is still very tight as the PLS auction prices indicate.
ALL IMO
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