So glad we are not dealing with any Chineese party's. This...

So glad we are not dealing with any Chineese party's. This latest report on the Chinese spot price action sums it up well.

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Lithium carbonate prices sank below CNY 190,000 per tonne in September, loosely the lowest level since touching a two-and-a-half-year low of CNY 165,000 in April as slowing demand for electric vehicles magnified pressure from elevated battery inventories for manufacturers. Battery manufacturers for new energy vehicles phased out input buying activity since the start of the third quarter as their inventories filled up and funds from previous government-led subsidies dried. The concerning macroeconomic backdrop for the Chinese economy also translated to low consumer spending for electric automobiles, driving 10 Chinese new-energy vehicle producers to offer price cuts. Consequently, lower input demand resulted in a 10% reduction in battery prices in August, according to key market players. Additionally, further demand concerns emerged after the EU launched an investigation on predatory pricing for Chinese vehicles due to Beijing’s subsidies, risking tariffs and trade barriers."