https://source.benchmarkminerals.com/article/oems-and-battery-mak...

https://source.benchmarkminerals.com/article/oems-and-battery-makers-on-alert-as-lower-lithium-prices-to-push-into-2024-benchmark

This article came out (there's also a paywalled and more detailed version) and if you have a read yourself you will see it makes some bearish comments but also some bullish ones.

However, the lithium market balance remains fragile: only a single major project delay could throw this narrow surplus into a deficit.

Although the downstream will need to work quickly to get these terms locked in as this window of weaker sentiment is expected to be relatively short lived.

Unless substantial new lithium production and refining operations are committed to by majors and projects developers alike the lithium industry will fail to meet surging demand from the lithium ion battery and energy transition supply chains.

These are a few statements from the article to illustrate how it has a somewhat balanced opinion.

This line below was then cherrypicked, twisted and ran with across multiple media outlets and repeated as a genuine reason for why lithium has crashed by many people.

Benchmark’s Lithium Forecast estimates the market will return to deficit from 2028, with prices expected to react 12 months ahead of the deficit emerging.

Most people are highly emotional and jump to conclusions, which is what appears to be causing this extreme overreaction to the lithium carbonate spot price dipping. Of course the real reasons are complex and multifaceted but that does not matter because people's extreme emotions take hold and a discussion about the facts can't even happen. And those who do know the facts sit on the sidelines, laugh and make their trades accordingly.

This turns a smaller event into a bigger landslide. I'm seeing this across a ton of lithium companies, not even LLI specifically.

Moral of the story: Make your own mind up about things.