You have all been played. Our experts have been visiting the globe and giving information to Xi co. The banks shorting lithium co. Were used in ipo of gangfeng and Tianqi to raise funds.
The contract prices were given to the banks, The lowest recorded spot price for Q1 was 640, out of spec. Yet Ajm and pls received the same price.
Mr wong was buying, say 100kt and asked aunty Ming to sell on spot 5kt for 20% discount, Mr wong was the buyer. The funds and products returned. Mr wong argue for 20% discount in contract price. All SP fall and they start buying companies at a discount.
Here's the problem. Even though Ajm is tied to the spot price, the contract floor is 550. Current 600, can't go much lower. If pls stage2 is delayed, Posco will not have supply for their converter in time and will look for alternate. Ganfeng and GreatWall stuffed.
Hydrogen is a diversion. A battery is needed to operate. Battery supply is still the problem.
Battery production increased 76% yoy. The largest are Panasonic 25%, LG, Calt,Byd and Samsung at 5%. The supply from Australia have not been enough for four large converters at full capacity without upgrade.
The Beijing negotiators were told to go play on the freeway at GXY table. Benchmark was used at US senate because it's independent. Green bushes can't turn a profit under 14k/t. Alb invested $1b in Min because the supply is not there. The banks and analysts have only used EV numbers, energy storage was left out as well as other users.
All spod deposits are different, just like brine. Some spod cost more to covert to battery grade LCE due to the chemical composition. No different to brine. Not all SC6 are the same, just as not all carbonate and hydroxide are the same.
Why are lithium co. being bought if there is oversupply??? There's not.
Xi, banks, and experts are connected. Korea, Japan, Europe and north America are waking up.
Deficit to oversupply in 12 months is not possible when it takes 2-3 years to build a mine.
Ajm is valued at build cost and zero for resource. Sound familiar.
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