FWIW Morgan Stanley view as of October 29 on impact of Altura closure on spodumene prices
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https://www.fnarena.com/index.php/2020/10/29/material-matters-new-energy-lithium-coal/
“LithiumAltura Mining ((AJM)) has entered administration and its 20,000tpa Pilgangoora lithium operation will be placed on care & maintenance. Morgan Stanley assesses, if the project is not sold and ceases production, it would tip the lithium market into a small 2021 deficit.A rise in the lithium price in response to the suspension is likely to prompt other spodumene and brine producers to lift output and, the broker suspects, this will counter any near-term shortfall.A re-start of other projects such as Mineral Resources' ((MIN)) Wodgina would require a sustained spodumene price of US$450-500/t and Morgan Stanley forecasts US$444/t for 2021.”...
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Ann: Conditional Agreement to Acquire Altura Lithium Operations, page-254
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