From my broker. A 3.2% decline of a record price doesn't really...

From my broker. A 3.2% decline of a record price doesn't really stack up to me when it comes to price decline btw:

Lithium and battery metals have been smashed this week, including Liontown Resources (ASX: LTR), Syrah Resources (ASX: SYR), Core Lithium (ASX: CXO), Pilbara Minerals (ASX: PLS), Lake Resources (ASX: LKE), and Ioneer (ASX: INR).

The catalyst for the sell-off was the latest spodumene concentrate sales for Pilbara via the digital BMX auction. The lithium producer sold two cargoes of product totalling 10,000 dry metric tonnes (dmt) for an average sale price of US$7,552 per dmt.

When converted into the equivalent SC6.0 benchmark price that includes freight to China, the result of US$8,299/dmt represented a decrease in lithium prices sold at auction. At the last auction held in mid-November, Pilbara received a successful auction bid of US$8,575/dmt, with the latest result 3.2% off that record high.

At the same time, investment bank Citi also had an influence over proceedings this week. The bank now expects lithium carbonate prices to retrace by 20% from what it anticipates will be a higher peak of US$60,000 per tonne in 2023.