I don't dispute that the market is in oversupply at the moment, but the reason it is in oversupply is where I believe the manipulation is coming from. CATL is operating a huge lepidolite operation where every ton produced is at a huge loss. This mine was closed for several months and during that time prices rebounded slightly, they have now reopened it and prices went straight back down. This is clearly a move by CATL to keep market prices low. Now you could say that Sayona is operating at a loss on every ton and so is Lion town and you would be correct, the difference is that they did not begin production when the market was already in oversupply with the intent to keep it there. CATL seems intent to keep the prices low, but eventually this method will fail.
SYA Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
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