What are you people on about? The converters were all upgraded...

What are you people on about? The converters were all upgraded to take on 200%-300% capacity five years ago. if world production of spodumene were to double, it wouldn't make a difference.Ten extra mines wouldn't make a difference. They can't get enough spod to keep their machines working at full capacity.
The story with CATL is that the Chinese EV makers can't compete with Tesla. To keep them in business they need CATL to lower battery price. In return they must buy 80% of their batteries from CATL.
The Chinese have been buying spod over $5k/t for 3qrt (9months) basic maths would tell you it's all BS. 5000× 7.5( ratio7.5:1)= 37500 plus conversion cost + profit margin. This is already over $40k/t. Hence $50k/t to $70k/t going price.There is also a 12 months lifespan for chemicals, so they have to be sold before expiry.
It's more likely chemicals sold are those produced beginning 2022, they have to sell or reprocess( extra cost). The price of spod for this and last 2qrts of over $6k/t would put them at a loss. You think they are buying spod so they can go out of business? At the current spot prices, they are still making good profit selling batteries and EVs ( They are all making profits). It's the bs Chinese EVs that are struggling to sell. Ford, GM, Nissan, Tesla, VW etc EV buyers are on waiting list, they can't get enough batteries, EVs are making them profits and you think there new mines will cause oversupply, WAKEUP. It's a case of short sell stock, create BS stories and HC/retailers will follow the story. The people in the industry have told you to cut out the noise for a reason. HC come up with BS chat and chart 24/7. Wakeup. Those that stick to facts will do well. Those that don't.. who cares.