So somehow China shorts all lithium companies except the Chinese ones....
Tianqi and Ganfeng were down a long way until recently when the trade-war clouds cleared a little and in typical Chinese stock market fashion, they shot back up.
As we saw with some of the South American brine producers, when the Chinese have tried to negotiate a lower price, the briners have shifted output to other markets such as North America, Japan, Korea. Suggests to some degree, the Chinese cant exactly control the market can they?
Oh, and if all non-Chinese Lithium stocks have been shorted, why aren't the buyers coming back in droves - plenty of fundies out there who talk the money language?...oh that's right, its current lithium market sentiment largely, and a little bit of GXY uncertainty.
All these boogeyman conversations...which is it? Big Oil, China, Aliens, Left-handers, The Board of Directors, JP Morgan, Morgan Stanley, Rahul Anand himself...
...peak silly has clearly arrived.
Wait till sentiment on Lithium improves, and the fundies that went out of risk get back in...buyer will meet seller at a higher price.
Whether GXY will be there depends on the known unknowns though a rising tide also floats all boats.
