THIS IS CALLED 'COLLUSION' China's top lithium producers agreed this week to set a floor price of 250,000 yuan ($36,380) per tonne of lithium carbonate, six people familiar with the matter said, in an effort to slow a plunge in the price of the battery raw material.
The price was agreed on Tuesday by around 10 companies including Tianqi Lithium (002466.SZ) and Ganfeng Lithium (002460.SZ) that met on the sidelines of a conference in Nanchang in southern China, said one person who attended the meeting and five others briefed on the discussions.
https://www.reuters.com/article/china-lithium-prices-idUKL1N3630OQ
Prices should be determined by the market and not by 5 people behind closed doors......in America this is illegal!