I can't help think the price action has something to do with the...

I can't help think the price action has something to do with the tianqi/ SQM deal.
Tianqi are doing an IPO in Hong Kong to raise equity to buy into SQM.
Apparently they will lose their investment status with Moody's as they will carry too much debt.
The SQM share price is about 12% lower than their offer into SQM.
KDR, being an asset, would have been priced in at double the value that it is now.
Meanwhile back in Chilie there is a strong movement of non supporters for the deal in and outside SQM.
The Chinese Government has had words with the Chilean Government not to block the deal.
This deal won't happen if Tianqi can't raise the funds.
This will please those who fear that China have too much control in the lithium resource space.
This is the beginning of a new energy market and games will be played as the big boys take their position for the future.
The KDR deal with SQM and Tesla gives the company corporate muscle.