Good News & Bad News, page-5682

As a supplier of spodumene of good quality, PLS management must be over the moon to read some of the agency commentary!If you consider these comments as you read them,you relise the enviable position we are in

Market participants in China broadly reported that there was a severe shortage of battery-grade lithium carbonate, while supply of battery-grade lithium hydroxide was also tight, albeit to a less serious degree.

Offtake cargoes were heard priced at $2,000/mt CIF China with offers in the spot market indicatively pegged at $3,000/mt. Many producers were sold out for spot materials.
“It is a big jump from the last market tender price but recently more clients are giving us a high price directly without us offering first,” said a producer.
Despite higher raw materials prices eating into margins, many lithium refiners preferred to keep production going as it is more costly to restart production, notwithstanding existing labor costs