The part that doesn’t make sense to me is that how are BYD and CATL artificially lowering spot prices with the help of Chinese lithium commentators. The guys on the podcast didn’t get to the bottom of that. If so many contracts are linked to spot prices in China, then it makes sense for those big players to keep the spot price low if they can, but then why don’t lithium companies avoid selling on the spot market if that is the case. Aren’t they shooting themselves in the foot?
And why are Chinese EV sales going through the roof in conjunction with low spot prices?
Things are indeed very opaque
Allkem General Discussion, page-4473
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