Ann: Olaroz lithium facility update, page-81

Seems like this is essentially saying there is too much feedstock for downstream product demand. If this is the case, then there is a negative pricing feedback loop being created. Price dropping due to downstream demand means that there is too much supply to demand thus a lower price is needed to clear. As Li carb technical grade prices drop it becomes a cheaper relative to spod as an input thus making it more attractive again. This would put pressure on spod prices to drop as well. Seems ORE update is effectively calling the start of a downward price spiral in the Li market. Question is: where is the floor?