The news this week for LTR from global Lithium prices is that converter margins are being squeezed as the price of spodumene has risen sharply again, whilst hydroxide is steady. The spod to hydroxide price ratio is now 9.6%, busting out of the 7-9٪ range TO has presented.
IMO this price movement reinforces the miners are taking/now have the balance of power in the supply chain.![]()
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16 | 663098 | 0.945 |
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7 | 438490 | 0.935 |
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