Yep, the donut group used the ESS as the reason for upgrading lithium prices last week, stating that demand growth from all channels will we strong over both short and medium term. Seems to be a new battery project announced weekly, and I'm very pleased that the "bottleneck" in this cycle is upstream at the miners, and not the converters as in 2018/19.
I bet you management are chomping at the bit to start selling unallocated spod on the BMX platform. As Merrigum posted today, lithium is a goer, now trading between $800 & $850 on China spot, thus at mid range, AUD$1,089pt, which should keep the lights on for awhile.
In the May 11 presentation, KB advised there were ~15 China chem converters who do not have supply via offtake contracts, thus relying on spot. I'd like to be in the data room when the BMX platform is switched on this month, I hope KB has stocked up on popcorn, great entertainment, a thing of beauty.
Good News & Bad News, page-1803
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