1. You have transportation costs. 2. I believe their economy was in a shutdown somewhat so market was askew. 3. If they are the major buyer but lithium being s

1. You have transportation costs. 2. I believe their economy was in a shutdown somewhat so market was askew. 3. If they are the major buyer but lithium being sold to them is monopolistic market structure in its origins then supplier can set the price. 4. They buy lithium in long term contracts so spot price is probably a proxy for whats at the margins as opposed to what the big companies are paying. 5. Speculators.