So what can we take from this?
That the stockpiles of lithium in China are growing larger and larger due to the underperformance of processors and this is why shorts are betting on a oversupply for a couple of years and a dropping in prices/demand - MS situation?
That plants are also being built to allow conversion of the DSO?
Green bushes and TAW are the only two Australian companies to produce grades in excess of 6% consistently to date which can go straight to battery grade processors.
GXY produce from 5.5% - 6.0% and CXO I think will be selling 5% if they get to that stage.
So it seems 5% + is inferior but acceptable to many processors……...
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