General Discussion Topics, page-125014

You are absolutely correct about China. China is a belligerent. They are not a friend.

They are hell bent on crashing the lithium market. If they cause a handful of lithium operations to go out of business, they will be happy as they then can extend their domination of downstream production a few more years. China has done this before, with iron ore and with nickel. They know what they are doing.

And it's not helping that BEOT is getting in bed with them by shorting the entire sector and loading up on the side, as they know this is the future. The fat cats want everything to themselves. They don't want to share anything with retail.

I have been asking questions and talking to people about how they are doing this, and apparently China are pulling out all the stops to crash this market. The biggest thing they do is on their previous contracts for spod, they bought 2 to 3 times more than what was necessary, so these contracts are still getting fulfilled on old prices, and who knows how long it will last. They also avoid buying on the market as much as possible by going domestic (not much there) or shipping in as much DSO as possible.

The other problem is that the western world is very slow in understanding this and reacting to this. The development of a new market pricing that takes ESG into consideration (China fails this) by Benchmark is an encouraging start, but decoupling from China will take time. Just have to hang in there and be patient.

We know lithium and EV is the future. Gas and oil are done. This process is irreversible, period.