I takeaway 3 main points from this article -China and Chinese...

I takeaway 3 main points from this article -

China and Chinese companies have made efforts to 'stabilise' (read successfully MANIPULATE) lithium prices via the introduction of a Li futures market among other strategies......

9 mining leases cancelled......(among a flotilla of other delays, production cutbacks and project funding cancellations) overseas

China now refuses to allow continued devastation of its environment by unscrupulous onshore miners, effectively slashing Chinese output in the near term.

Is this the outcome from Xi's recent communist party rally?!? - sound more like a wish/command from the top than independent commentary to me.

The only problem being the absolute power China illustrates may make this a reality!! They certainly (easily) managed to kill the global value of Li on demand in 2023.....a victim of their own success one may think!?!

Here's my newsbite-

......The recent manipulation of global lithium markets, by the world's biggest consumer China, has backfired spectacularly effectively reducing worldwide production to a point where sustainable supply now appears impossible to achieve and a commodity price surge is inevitable......