RE:This Report a good read !!!!Rinny
That Benchmark report is fabulous. It tells all of us how complex the LI market is and the ways it is currently being manipulated. CRE is trying to crack this complexity nut. Benchmark tells all of us that the demand side players are playing games in order to lessen LI prices.
PILBF is gracefully telling the Chinese in their latest oral qtrly report that it wants to play more in the Korean/Japanese side of the LI market becuase the LI pricing is better.
Just this week, Altaf got exploited by the Chinese again. Lionenergy moved to reduce it's offtake delivery requirement; and no sooner than Lion did that another Chinese company moved in to take the amount LION reduced PLUS an additional increment of production; but with a price range that was lower than the price Lion had agreed to pay. The old bait and switch being played in the LI market. That's what CRE is facing in Asia and I expect in EU.
Once the full demand of the 2020s market hits, there will be less capacity of buyers to "game" suppliers like this.
Amazingly sophisticated market.