Good day Anatol
Another fantastic assessment of the Lithium Carbonate situation and it clarifies the false impression we all have of the 'price crash' in China.
As you have pointed out it is the small guys buying on the spot market.
Just today there is a PLATTS REPORT stating
CHINESE LITHIUM SALT PRICES RETURN FIRST GAINS IN FIVE MONTHS.
Your scenario is already playing out in reality!!!!!
We should not forget the crackdown on the lepidolite extractors and producers of lithium carbonate from lepidolite with the massive environmental damage, which the Government is now restricting.
Also,the cheap lithium carbonate made by the small producers will definitely result in issues in the batteries produced and before long the demand for the better lithium carbonate will increase.
We are fortunate to hold LTR and I will keep topping up on dips
cheers
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