Thank you Lies for your well considered analysis.
However, the following point
"Notice that these extreme declines in SP for the manufactures was occurring while the Lithium prices were plummeting."
requires further study:
The large SP decline happened from roughly aug 2023. And yes at that time the Li price was dropping. But from that point in time the automakers would have been purchasing batteries from lithium sourced 9-12 months earlier (according to Anton707 https://hotcopper.com.au/posts/72225180/single) when the Li price was rising sharply. So I think this explains better the reason for the SP drop.
So I agree the charts don't lie. The big problem is understanding how to interpret the charts. I have not seen anybody taking into account the time length of the supply chain, and compare charts shifted by that amount. This is what I am trying to do on the other thread. But I need more data.
Cheers. G.
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