There are many new posters that have no idea whats happened....

There are many new posters that have no idea whats happened. Here is a quick rundown.
In jan 2017 gxy had 1 shipment. The contract price was around $680/t. There was a consolidation of 5 for 1 in may. 5x50c=$ 2.50/share. The company had $40m in debt. The SP was shorted in june to an intra day of $1.55. And closed at $1.60. Joe lowry became a holder and announced on twitter. AT and co. Bought on market between 1.62 and 1.67.
The shorting was on back of an announcement by Mcbank that MIN would oversupply lithium. MIN was selling DSO (dirt). The bank did not know the difference between DSO and lithium. No one in Australia produced lithium. ORE produced chemicals in Chile. This was a lie and AC wrote a page about a carrot farmer.
In the second half GXY had a contract price in the $700s. The contract went to $800s then $900s . They also achieved a run rate of 260kt output for nearly 6 months. 15kt every 3 weeks.
AJM and Pls was still building their mines in 2018. Ajm announced production end of q1 but started 6 months later. AJM have a contract floor of $550 and ceiling $950 until end of 2020. Their last report had a price above $700.
Pls was behind in construction and had to spend extra. Their workers stayed at AJM camp. During the build, pls sold DSO via AGO for extra cash. Production began in 2nd half. Ganfeng signed up for stage1. Great wall @50c and posco @ 97c for stage2.
DSO is still sitting unprocessed in China. The chinese paid for dirt and shipping cost.

During this time battery carbonate contract price went from 10-14k/t. The spot price reached $22k/t. The spot and contract price had nothing to do with each other. The spot carbonate sold was non battery grade, reflecting the quality. Technical grade for technical price.
Lie....Spodumene flooding the converters in China. In 2018 AJM,PLS and A40 was still under construction. GXY production reduced due to installing the YOP. There was nothing from Australia to make a difference.
The shorting of lithium stocks began in march 2018 based on MS story of ALB and SQM flooding the market and price crash. These two got higher prices and hardly increased their production. They faced water issues.
FMC would increase their production via Nemaska (canada). After raising $1b, its a no go. The two are in a legal dispute.

Tianqi bought a share of SQM and Ganfeng a share of Pls and Min. Why would the Chinese do that if they have so much lithium. Another big LIE.

A paper quoted simonmoore@benchmark of spod sold on spot for $630/t in feb. This was for a very small amount and out of spec. Spodumene contract price are based on the carbonate pricing within china and outside of China and meeting specifications. There is a matrix involved to calculate price, only the companies in the contracts know.
You can think for yourself.