General Discussion, page-3371

Electric car sales seem better than expected thanks to price cut. Currently China lithium carbonate price is sitting at USD$70,392/ton, rising EV sales are like to underpin lithium price. At current price, lithium producers are printing money…

LLL, stage 1: 506ktpa x 45% (or 40% if Mali buys 5% at market price) x (SC6 say ~USD$5,000/t - Production cost USD$365/t - less royalty USD$240/t) = USD$1b - income tax USD$300m = USD$700m net profit after tax

Profit per ton is USD$4,395 per ton! At SC6 USD$5,000/t. The stage 1 alone would make $1b net profit after tax a year for LLL’s share.

Current SC6 is USD$6,300/t.

All imo.

“Driven by price cuts and promotional measures, many new energy vehicle stores ushered in the popular "Spring Festival stalls". On January 27 2023, the reporter visited Tesla, Xiaopeng, Weilai, Ideal and other new energy vehicle stores in Shanghai and found that the popularity of each store was generally higher than that before the Spring Festival holiday. Price reduction promotion measures have obviously stimulated passenger flow.”