https://seekingalpha.com/news/3432343-livents-china-caution-clouds-lithium-industry-outlook
'Graves, who became CEO last year when Livent was spun off from FMC Corp., said Chinese customers had provided verbal commitments on price and volume late last year but backed away when the company went to sign the contracts, unwilling to sign deals for either one year or longer-term unless the price was lowered.'
The above statement from the CEO of Livent is more or less consistent with what NF told me a couple of weeks back. If this stance from Chinese customers is the new normal, then it may take a few months for the tables to turn again. But when they do then we hit 'em with a DFS that should (early indications are) be too good to ignore.
In the meantime, it's time for NF and ML to show some responsibility, sacrifice, frugality, empathy, leadership and REAL commitment to their fellow shareholders in these trying times.
Cheers
Elpha