It's chem imports into South Korea, mainly from China as per graph. So spod or other products have been used to convert to hydoxide, thus dont show. This is why the likes of Ganfeng's share price are up 87% over past few months, which I suspect is making ~100% margins on their Chems.
How long can they maintan 100% margins before spod and brine product prices rise, well that's the question to ask IMO.
Good News & Bad News, page-3852
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