Clearly, the reporter has picked the eyes out of the report and...

Clearly, the reporter has picked the eyes out of the report and not read any of Macquarie's subsequent research papers following the deal (Essentials 24 January 2017 & Macquarie's Commodity Comment 23 January 2018). These reports are clearly negative on the impact this will have on the market....

"The battery metals, cobalt and lithium, get the biggest downgrades, as upward adjustments to mine supply in both cases infers heavy oversupply in the medium term" Macquarie Research 23 January 2018

"We continue to believe that this market is teetering on the edge of a considerable sell-off, and recent sobriety introduced by the SQM news may just be the beginning. " Macquarie Research 23 January 2018

"Macquarie’s commodities team has made a number of changes to its Lithium Carbonate
Equivalent (LCE) price forecasts. We make a material upgrade to our 2018 expectation lifting our
average LCE price by 14% and our spodumene price by 19%. However we still see supply
overshooting short-medium term demand and maintain our bearish view and our forecasts in
2019/2020 are little changed." Global Lithium The Chilean ripple effect paper 23 January 2018

It seems they can't lie straight in bed!!!