"Spodumene concentrate has more than quadrupled over the past 18 months and Pilbara Minerals says they could surge by a further 50 per cent by the end of March."
From PLS quarterly March quarter indicitve pricing is $2600-$3000/dmt [SC6.0]
Ken is thinks possibly $3900-$4500 from March on , Just about the time we split out LLL . Plug that number into our DFS
Got to love the timing for the split!
Lithium miners say price boom has further to run
Australian lithium miners say the astonishing rise in prices for the battery mineral has further to run as operational challenges, labour shortages and Western Australia’s border restrictions hamper the sector’s ability to seize on the boom.
Prices for Australia’s lithium-rich spodumene concentrate have more than quadrupled over the past 18 months and Pilbara Minerals says they could surge by a further 50 per cent by the end of March.
Pilbara Minerals boss Ken Brinsden. Philip Gostelow
The rally has been driven by surging electric vehicle sales in 2021, which were more than double the levels seen in 2020.
But Pilbara Minerals boss Ken Brinsden said lithium supply had proved weaker than expected as producers either struggled to increase output or acted cautiously when restarting assets they were forced to close just two years ago when the battery minerals prices were enduring a bear market.
“It is tough to bring on additional capacity in an environment where you were previously being punished. A very low pricing environment had meant that every producer had slowed down,” he said.
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