The short selling hedge funds are most probably generating the lower futures price. Imo the whole futures market has helped generate price volatility. I'm not saying there is no supply excess right now in case someone on here thinks I'm preaching conspiracy theories. But as anyone involved in derivative markets knows, writing contracts and making a market helps direct price. That is why the upcoming auction of physical lithium by PLS is going to start to provide the real price discovery that producers really need.
regards
DF
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