The idea is to drive many mines to closure and stop any new development - then China or some other big consortium steps in to develop the worlds lithium supply in Africa / Brazil etc. Li price will be manipulated down as required.
This is the way of the totalitarian capitalist countries - but will the free market tolerate it ??? - It did not work for aussie iron ore, or thermal coal, or even lobsters and wine.
IMO this is where China gets a big bloody nose. Meanwhile we suffer, and the only thing to do is hold.
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