What's behind the drastic downturn in nickel and lithium prices, page-146

the thing is the Chinese sold 28% fewer cars than last year,
they have a backlog of cars every where. there are car grave yards everywhere.
the makers of cars are not going to make more and more cars when they have cars still stored
what they are going to do is stop ordering cars until they have moved the cars in storage.
Fewer cars being made mean less need for lithium batteries and Pilbara spodumene
Now look what happened when the lithium price went up Feb 19.... PLS jumped 20%.
Sure the lithium price will go up long term, but short term, until the all these vehicles are cleared, the price of lithium and PLS is likely to be down.
Might be better to sell and re-enter at lower price...