I think the current situation reflects the market expectation of...

I think the current situation reflects the market expectation of the Lithium price for the near term and mid term.
As the price dramatically dropped in China, the producers like GXY and ORE are suffering the most as their production can only achieve the current price (customers are taking advantage to negotiate hard to bring the down the contract price), KDR on the other hand is not producing for now, but their sales could potentially achieve much better price when market is finally back to normal price range.