https://tvc-invdn-com.investing.com/data/tvc_4c41cfe266ee51e066fb...

https://tvc-invdn-com.investing.com/data/tvc_4c41cfe266ee51e066fbffa8d32af7ae.png
My Li price graph has 150k Yuan support a trendline from 2020 rise and 150k Yuan as Fib 0.236 last support.
Anyone guess where it will go. Short term there are many micro and macro economical factors at play. Beside sodium ion battery latest from CATL on tech front is the production of M3P technology battery, apparently latest best battery tech out there.
After a little research it seem to be a Lithium base battery hence very good for long term Li price...
https://thedriven.io/2023/03/27/tesla-supplier-catl-to-produce-m3p-batteries-that-will-deliver-big-boost-in-range-for-evs/
At the same time recently there was a visit from Xi Jinping Chinese President to CATL factories, this is an unusual event, and it was at the same time CATL was announcing a price war on Lithium....
Is my conspiracy theory that CATL, been a proud and very strategic manufacturer for China as come to an agreement with Chinese state support, whereas they can start a price war even at a loss, to hegemony in the battery manufacturing market.
In any case whatever is the reason for recent Li price drop, if before at 600k Yuan seemed overbought, imo is now in oversold territory.