Ann: At The Market Raise, page-76

Thanks for all those remarks that I am selling at the bottom. I sold out of lithium at higher prices already during the last 6 months, and back then got they same remarks from people who were happy about me selling to snap my shares, because they were 100% certain we were at the bottom.

I really wonder where you take your conviction from that this is now the bottom. Oversupply in 2025 looks to get much worse than in 2024, so prices of lithium might easily fall another 50%. We are now at 89.000 Yuan. During the last downturn/oversupply situation in 2020, prices were 50% below that.

I don't know where the bottom is. The only thing I know pretty much for sure is that you also don't know, even if you feel so certain.