> China dominates the global EV trade and the gap with Western makers continues to widen, so demand for lithium will be largely from Chinese EV & battery makers
> China dominates EV battery production capacity, and their supply is cheaper than anyone else, enough to be self sufficient
Given that demand and supply of lithium is controlled largely by Chinese EV and battery makers, why would you believe that it is in their interest for lithium spot pricing to go higher? Lower lithium price makes cheaper EV batteries and corresponding cheaper EVs to increase their market share.
