You need to read it again. When they use words like "rumours"...

You need to read it again.

When they use words like "rumours" and "speculations", it means somebody is making the "sheet:" up for their own personal gains.

Here are some of the quotes:

Rumours that a major Chinese cathode maker cut its output forecasts sent listed lithium producers plunging on Tuesday, in the first sign of soft demand for the battery metal since this year’s boom.

Lithium carbonate futures on the Wuxi Stainless Steel Exchange dropped 7 per cent on “speculation in China that a major cathode producer might have slashed production targets and some Chinese firms forecasting softening in the market later in 2023,” said Credit Suisse analyst Saul Kavonic.

So the guy (Saul Kavonic) at Credit Suisse passed on these gossips and it spooked the market.

It might take 24 to 48 hours, but these "rumours" and "speculations" will either be confirmed or clear itself out.