RE: CATL reportedly cut lithium costs for 'Strategic Customers':21 Feb 2023 06:25
Skelly, continuing that trend, I read this comment on a forum earlier:
Bank of America was the lead short seller that crushed Sayona Mining 50% on the ASX from 14 September 2022. State Street Global Advisers and BlackRock have been similarly profiting from destroying outperforming ASX lithium producers like Pilbara Minerals and IGO since 30 November; while USA and EU lecture the world and play desperate catch up to China in lithium processing and Australia in lithium production. The coordinated attack on ASX lithium strength is intentional collateral damage by powerful investment banks domiciled in our strongest friendly geopolitical ally. Exploiting the hype generated from the Biden Administration’s IRA and LPO grants. Wall Street investment banks are predatory and like nothing better than to profit from destroying and transferring wealth from Australia back home to USA whose own stock market performance in 2022 was one of the worst on record! Now, having crushed world markets in 2022, they are saying world markets will crush US markets in 2023. It’s like the fox saying the hen house will be safe in 2023 after eating all the chicks in 2022