RE:ALBs price drop last Friday There is many ways to interpret this news, but if we are only talking about lithium, here is my take.
I think the market did not really read between the lines on that one.
If CATL is lowering the price of batteries so their select customers to less than half price, it is all good, and that will sale more cars (since the battery cost is a major part of total cost.)
They are asking their battery material suppliers to lower their selling price by 10% to accomplish more sales and still make a decent profit.
For suppliers like us, increasing demand of lithium by selling cheaper EV's can only be good.
I do not own any Albermale shares, but when you have to let go of 10% profit, it is a huge deal.
So yes, I understand Friday's landslide.