Spot on. Obviously China are trying to suppress prices while they continue to secure their own quality sources of raw material supply. Ganfeng, Tianqi and co, are the Chinese whipping boys for China's national interests. The fact that Ganfeng have had to buy a Lithium mine in war torn Mali, from LLL is testament to the fact that it isn't easy to secure quality raw materials supply.
Yes, the west are way behind the 8 ball with battery technology/ manufacturing and Lithium processing. Bloody whole electrification of everything actually. The frustration looks set to continue for the foreseeable future and we can only take heart in the company's outstanding production results and project execution, which in itself, will make life hard for all higher cost producers and wannabe producers. I can wait it out but appreciate many others aren't in that position.
Spodumene Prices, page-4582
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