There is little doubt that CATL as a vertically integrated operation can subsidise losses on the mining and processing side by profits from the battery side, its common business practice as long as there are profits overall...I don't see that as manipulation just business. If they require Lithium from outside sources and wish to retain.
From Elevra's perspective there is another consideration and thats the exchange rate , a weakening USD is not what's wanted at the moment. It seems like continuous head winds at the moment.
Cheers Whisky
SYA Price at posting:
1.6¢ Sentiment: Hold Disclosure: Held
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