https://www.reuters.com/article/us-chile-lithium-posco/south-koreas-posco-drops-plans-for-chilean-battery-material-plant-idUSKCN1TM2LR
The other interesting thing about this news article, is that the news media all portrayed this as indicative of a lessening in demand for LiOH.
Some went deeper to say, it was indicative of the failure of NCM811. Some even gave spurious excuses as to why NCM811 failed.
CATL began mass production in Mar19. Now some 4% of Chinese EVs have NCM811 EV Batteries and production this year has been increasing MOM by over 100%.
https://insideevs.com/news/358807/market-share-ncm-811-cells-2-percent/
Big Media is toeing the line drawn by Big Banks. Yep, those same Banks who have NEVER supported Lithium miners/explorers Who have the most to lose in all of this? Big Oil.
Don't be put off by recent blow ins who want to discount such conspiracy. There was an article in the SMH around Aug/Sept17 quoting reputable resources investment analyst, TriBeCa. They said Hedge Funds protecting their Big 3 Lithium investments (and who knows what other allegiances), were actively suppressing the SPs of Lithium hopefuls in order to limit their ability to CR. The Banks wanted nothing to do with Lithium. No debt finance and limited equity finance.
You'd also note that the SPs of MIN and KDR were downtrodden before their respective announcements.
There be shifty chicanery afoot. Mindcraft BS. Take care where you step.
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