The lithium price is pure PROPAGANDA. It has nothing to do with cycles, mining stages, charts nor demand. Pure KUNGFLU XI propaganda. If you are holding other lithium companies, spread the facts. The number of production China claim to have is out right manipulation. China can only produce less than 1qrt the volume it claims. This 1qrt of production has taken China 15-20 years to achieve, it now claim it can can double in just 12 months. The other half of what China is claiming comes from refining Australian spodumene. Thats right, they are claiming australia production capacity as being their own. It's a twisted reality/ fact. The first 1qrt of every cy is low sales due to Luna new year, workers go on holidays to see families. Old inventories are sold off for new inventories starting late March/ early April, coinciding with workers going back to work. The last cy qrt is the busiest , China has used the dip in Jan, Feb, mar to say demand has slowed. FALSE. yoy Feb EV sales increased 60%. China puts out the propaganda, the US banks and analysts working in China must play the same song if they wish to do business. China can only produce 1qrt of what it claims and demand has tripled. SP value is a con. CXO will have a $3.50 plus value for those that believe and wait, not long. China is an importer of lithium, food, a thief of world innovations. They want your shares and resources cheap. This is Australia, the people are free. CCP go sit on pointed barbed wire stake.
Remember china claimed covid came from US army and Brazil frozen meats. Australian farmers and sea food were subsidised by our government. Their olympic tally was the highest after add Hongkong and Taiwan, It's all fake. China's debt is higher than US. Four railway co. Collapsed, just one has debt greater than OZ deficit. Lithium= batteries. A once in a hundred years event. 70% - 80% chart posts are embedded hedge funds be careful.
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