PLS has, 23.6.22, received a record price, US $6350, for its spodumene 5.5%...an all time record high price.
Li industry "insiders" publicly disagree with the Goldman Sachs views on LCE declining in 2023-2024 prices!"Pilbara has accepted an offer of US$6350 per dry metric tonne (A$9182/dmt) for 5000 dmt on a 5.5 per cent lithia basis.
Managing Director and CEO Dale Henderson said the bid provided further evidence of the strong demand for battery raw materials.
“Contrary to recent suggestions that the market has peaked, the evidence we are seeing at the coal-face with our customers, including this pricing outcome, suggests that demand remains incredibly strong, with a continued healthy outlook for the foreseeable future,” he said ".
https://themarketherald.com.au/pilbara-minerals-asxpls-secures-9000-dmt-lithium-sale-from-pre-auction-bid-2022-06-23/
So much for LCE prices dropping.
Does GS hope to secretly buy more Li stocks?
General Discussion, page-826
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