Western Australia LI minersare disgusted with the price squeeze China is putting on them. The potential sales price of 1/2 of Wodgina has dropped significantly because the market price of LI has dropped, so WA investors in LI are not happy.
Reading the details of PILBF's earnings report, Ken B CEO said point blank they are slowing production, they are building inventory, and they are seriously delaying phase 2 and 3 development at Pilgangora mine. The demand is growing by leaps and bounds and the WA miners who have been played for suckers by China may withhold product until a fair price is received. KB is NOT happy with the Chinese.