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Date Posted: 8:27:24 4/08/23 Sat
Author: Jasper
Subject: You know how the game is played, shorts drive the price down, then make a lot of money.

The statements in this article are misleading.
------------------------

China’s lithium hub cuts back production after price collapse

Last month, producers in Yichun were targeted for environmental infringements and unlicensed mining, with several ministry officials arriving from Beijing to investigate the sector, according to local media.

Chinese giants Ganfeng Lithium Group Co. and Tianqi Lithium Corp. — both of which posted record earnings in 2022 — said last week that a global shortage of the battery material could ease in the future. Tianqi also warned of potential downside risks for lithium prices. Citigroup Inc. echoed the view, citing weak downstream consumption in the near term as buyers in China continue to run down inventories.

https://www.mining.com/web/chinas-lithium-hub-cuts-back-production-after-price-collapse/

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