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Keep in mind that the Chinese market is quite insular and the spot market for lithium outside China has not fallen to anything like the numbers within China. Also keep in mind that any information at all coming out of China is to be treated with extreme scepticism.

Obviously when you have multiple banks failing in the USA etc etc, the whole market is going to panic in the short term, and anything at all which has recently rallied is going to be especially vulnerable.

Keep in mind that even the current price being reported by China is about the same as it was about a year ago, which is still multiples of what it was a year before that (or significantly higher than any time previously).

Obviously prices across the board will fall when the world is freaking out about American banks failing, but long term the lithium supply deficit is still guaranteed unless the electric car thing turns out to be a fad and we all go back to embracing fossil fuels. Actually, in the long term this price slump will probably make the supply deficit worse since it will impact supply, and supply is more difficult to ramp up than demand.

And, obviously, actions speak louder than words, and while GS said lithium was all doom and gloom, they were literally buying up. If that doesn't tell you what they actually expect, there's no reason for anyone to bother talking to you.