ASX Today, page-38112

Thanks for correcting that. I requested to remove.
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I think GFEX will play a key role in future lithium price including spot price.
How aggressive Chinese lithium price fell, and I believe how quick it will rise. It's very common practice. Chinese lepidolite producers started to shut down or cut production since last November where lithium spot price was between US$24k and US$16k per ton. CATL's lepidolite mine was already cut production before Chinese New Year. Many other non-Chinese producers announced to cut production, including CXO, Greenbushes, Mt Cattlin.

Low lithium price transfers into very low battery price, then lead to low EV price; also energy storage demand has been soaring due to low lithium battery price.

All these factors will soon drive lithium price recovering, imo.
So, my theory is, lithium will follow iron ore cycle, a massive recovery is ahead.

Back to LTR, Gina is the largest shareholder with 19.9%, just paid $3/share four months ago, with average price around $2.85/share. She will not let LTR fail. Then offtake partners, LG, Tesla and Ford. The lithium market is still experience a huge growth over coming years.

All imo.