I note Joe Lowry also states that they produced 70kt whereas 3 years ago they forecast 2019 production of 120kt.
Your numbers are all in USDs. So Spod converter costs are USD3,000 (working on Spod input costs of USD400 X 7.4). I wonder if POSCO can better that? I guess that's what they're working on right now.
Still, the SQM numbers are to produce LCE. What further costs would they incur to convert to LiOH? $3,000?
Lithium commentators stated last year that SQM and the like, were dumping in China to retain market share (and effectively driving down Spod prices). Ken stated at the RRS Seminar that Spod is winning market share in China.
I wonder, can we expect our Spod prices to rebalance to a state of equilibrium with the Brines and thereby push LiOH Spod based pricing from your USD5,960 back up to USD8,960 (or to whatever the LCE to LiOH conversion costs are)? A conversion cost of USD8,960 would bring Spod prices back to ~USD805 ((USD8,960-3000)/7.4).
I would imagine Greenbushes owners have similarly been flooding China with cheap Spod to keep out other players. However recent months have seen GBs Spod exports to China fall by 45% (Tianqi share?) and MS reports state the Chinese are compensating by running down Spod inventories. With all the new converters coming online ...
Surely our day of reckoning comes soon?
Whadyareckon?
Good News & Bad News, page-6677
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