Ann: 2019 Diggers and Dealers Corporate Presentation, page-58

Here’s the first part of that story ...it dropped out of the edit.
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“Pilbara Minerals boss Ken Brinsden says the lithium market will return to a supply deficit as chemical conversion capacity in China ramps up next year and new mine proposals fail to secure finance.

Pilbara has been one of several WA lithium miners affected by a delay in new chemical conversion capacity coming online in China.

The company has been forced to crimp production this quarter to between 35,000 tonnes and 48,000t, but has indicated it expects to be back at full production of 65,000t to 80,000t by the second quarter as the problem eases.

Speaking on the sidelines of the annual Diggers and Dealers Mining Forum in Kalgoorlie, Mr Brinsden said China had tinkered with its subsidies to the electric vehicle industry to incentivise new technologies in lithium-ion batteries because it believed it was falling behind the rest of the world.

“The problem with that is, the industry really wasn’t ready for it so we’re going through a period of rebalancing,” he said.

“It has upset the market, there’s no two ways about that, and the price has come off.”....