This is an interesting insight. I encourage people to watch it.
Because China doesn’t have any sustainable way to mine lithium in China, I believe China have suppressed the price of lithium to put pressure on those mining companies outside of china who supply them. They are doing this in order to purchase as many lithium mining projects outside of china as they can so they can secure their own supply. Lithium supply is a massive threat for China as they are the world largest manufacturer of vehicles now.
Some of us have mentioned before, it will be a china market then the rest of the world market for Lithium raw material. We have seen this with the advisor of Bank of America telling American auto companies to pull out of China. Another big move is the VW deal with Rivian. The talks with Argentina and Tesla are another part to puzzle.
It’s going to be interesting to see how it plays out but I think things will turn positive rather quickly once the ball rolls.
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