is that why ex-China foreign strategics are signing deals with sub-standard Canadian spod developers like FL and GT1 at 70% and 100% premiums to SP. Because "lithium is dead", right?
China's sabotage of lithium prices will only delay supply coming online. So supply growth stalls while demand growth continues at a rate existing lower-cost producers cannot expand to meet.
And remember, a kg of Li2CO3 is not standard, like an ounce of gold. Quality matters, and big OEMs don't want to use lithium chems derived from lepidolite or lower-quality deposits. At one point it was reported 70% of carbonate delivered through China's new (and manipulative) GFEX contracts had to be returned because they did not meet quality standards.
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