That’s purposefully knee jerk on your part vintage. What is so unusual about the market responding to near term stimuli in this case the ceasing of the bulk of Chinese subsidisation of local producers? Certainly from SKI’s perspective this is good news as it means they can trade their superior quality batteries freely in what is easily the biggest market for ev’s at present. Doesn’t change the longer game on NiSO4 and I’m fairly sure you are acutely aware of that.
Of more interest from that article for me is just how little sulphate is produced by the macro Chinese market at present, 60 odd thousand tonnes contained nickel metal.
On that low volume it would be more vulnerable to a spike in the other direction especially considering they are ‘locking and loading’ their production capability in the form of many tens of giga battery factories.
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