LLL 0.00% 50.5¢ leo lithium limited

Just noticed from some Chinese website re Lithium spot prices....

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    Just noticed from some Chinese website re Lithium spot prices. Quotes on 12/03/2023, local spot industry grade was CNY343,600/ton, while one supplier offered battery grade @ CNY550,000/ton imported. Not sure why the difference is so big? Usually price difference between industry and battery grade is just about 5%.
    https://hotcopper.com.au/data/attachments/5119/5119482-9a899d1ed26c5e84a5584b702e220da2.jpg
    Maybe @8horse can shed some light on this?
 
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