China might not be in a position to squeeze Li to the level they want due to demand in China and EV, EV batteries, Lithium chemical exports to Europe taking up any slack which I am sure they are keen to keep as long term customers.
I see their salt lakes didn't perform well this year due to flooding.
The have had their vale moment as with iron ore.
A couple went bankrupt the likes of Catyl are buying them up but will take more than a year to turn around.
It might be too difficult to pull it off without shooting themselves in the foot.
They could ban the PLS selling platform they did a similar thing with natural gas on the same platform.
China is opening up again and stimulating building projects hence the rise in Iron ore prices.
Ann: Becoming a substantial holder, page-28
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