CATL sold out of PLS not Ganfeng. Not that it matters.
CATL are manipulative.
March EV sales from China will give us a better idea on how the market is going.
A 40% increase will definitely wipe out the oversupply of 150,000 tonnes and increases in production of carbonate mooted for 2025 and that is not taking into account buses ESS drones bikes etc.
It does IMO feel like mid 2019 when I suggested a lithium squeeze was about to happen, after doing some number crunching, somewhat easier then, as it was a smaller market.
My feeling is that many Chinese refining companies are loosing money not just EV manufacturers as per the article and rebalancing needs to take place in the Chinese supply chain to keep it healthy for the longterm.
SYA Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
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