Things are slowly getting excitingLet's see how long the Chinese...

Things are slowly getting excitingLet's see how long the Chinese market can sustain this game. Limits have been reached and these are slowly becoming painful and stagnating more than serving the desired improvement there...

Entering the final phase of the current game??

All but one lithium chemical prices fell (Li2CO3 CIF), while all Li ore prices remained unchanged on the Chinese spot market today.What happened?1) destocking in the battery sector; and 2) IGO's announcement that Greenbushes will reduce production.
Juan Carlos Zuleta auf X: „Except for one price (Li2CO3 CIF), all lithium chemical prices went down, while all Li ore prices remained unchanged in the Chinese spot market today. What happened? 1) Destocking in the battery sector; and 2) IGO's announcement that Greenbushes will reduce production.“ / X (twitter.com)

Why green shrubs could reduce production

Quote; IGO and Tianqi, which together own 51 percent of the Greenbushes lithium mine in Australia, have decided to stockpile lithium in response to falling spot prices.
Why Greenbushes may lower production - Australian Resources & Investment (australianresourcesandinvestment.com.au)

and on we go......Great example of how Reuters completely missed what was really happening in the lithium market. Yes, the price has fallen, but due to the 2022 highs caused by panic buying in China. Despite the decline, China's carbonate spot price is still more than five times 2020 lows.
Lower prices, oversupply to weigh on lithium miners | Reuters

Quote: Analysts also pointed to additional supplies from new projects that will further weigh on lithium prices.Again this blanket standard statement without giving an answer... because they can't!!!!

Greetings from Germany

DYOR D