The only thing I can think of as far as the Chinese spot price being low is that perhaps mines that are in debt are forced to sell at a low price in order to service their debt?
By doing this, these mines may be inadvertently allowing the price to stay low.
As far as positives go, the EV demand appears to be escalating as well as solid state batteries are attracting market interest.
If you see a drop down to $10.00, good luck however, I don’t.
AKE Price at posting:
$13.08 Sentiment: Buy Disclosure: Held