The CATL production cut is good news for the industry, and a sugar hit to lithium stocks. However, CATL will flick the switch back on as soon as it's profitable for them to do so, which will limit any upside in lithium pricing. But it's a good start nonetheless to put a floor to the pricing of lithium as a big player is willing to cut production once prices go below a certain level.
I've been banging on like a broken record about the need for a supply side response given that the demand side of the equation hasn't lived up to expectations. Up until today, there was no response from the supply side. That's why I said producers were their own worst enemy.
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