PLL General Discussion, page-653

I do think we will see some softening this year , mainly driven through softness in China demand and maybe a wildcard from the Covid reopening there . Some softness from here is probably good for the long run market as it will lower costs allowing bigger discounts to be passed along to consumers that in turn moves out the demand curve even more but my gut is LCE will come back to circa 50 K , which is still at long run incentive levels of pricing . But 11 K , that is clearly a ridiculous proposition based on the evidence at the moment we see in the market . So yes , thanks for posting , you have to wonder if there are other motivating factors that would drive them to make such predictions.