Seems to me the CCP have robbed Peter to pay Paul.
Their directive to the Chinese industry has been to lower Li prices by any means possible.
Which has involved a raft of dirty and manipulating tricks and false claims and many contrived media reports which they all control.
How many times have we seen on this forum some Bull Shite supposed chinese media release where an unnamed source is saying there is no demand for
Lithium, tell that to PLS and every other lithium miner. Electric car sales are going balistic around the entire world.
So now they have the situation of their own doing where their own converters are going broke because that rubbish Lepidolite they are trying to make Hydroxide out of and is only 0.3 at best is costing too much to process and sending them broke.
Another example of the manipulation of the people's republic thinking it can outsmart the rest of the world.
Only spot prices are low and very little tonnage is sold that way by miners.
Keep the faith.
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