What i fail to understand, Wallaby is how the Oil loving twits over at GS once again put a price prediction of $1800/t for SC6 in 2024 (if you remember, they had divulged to the market back in December of last year that they expected the price to fall to $900/t in both 2023 and 2024) due to "a supply glut", when if we look for up and coming producers...
1. We cant see a new Hydroxide facility built in less than two years and costing between $1.8-$2b anywhere, nor enough of them coming online to match the predicted demand...
2. our HALF BUILT carbonate facility has a current price tag of $450m to $550m and has a build time frame of 2-3 years - and we are at the fore when it comes to supplying chemicals in the North. So thats a 3 year wait on a half built facility...
3. Chile have absolutely EFFED their chance of supplying any more than they are for at least another couple of years (2nd largest resource in the world) with their nationalised plan and greedy state owned CODELCO and...
4. it is globally perceived that the demand for ev (and not just ev, we are seeing ev makers now venturing further into the domestic product zone) doubling year on year until dates like 2035 and 2040. The numbers from various sources delivering the demand statistics are a lot more reliable than the supply numbers. (Probably because demand is driven by honest consumers and the supply numbers are rustled up my market manipulating geese like GS)
G.S them selves have now got 2 varying reports with a price expectation in 2022 to now, that is 100% percent different in price prediction and thats just on Spod prices (Goldman Sux at forecasting) never alone chemicals...
One thing that i have been just marginally wondering about, is PLL still have not got agreements for ALL of their NAL entitlement in place.
2 days away from the first shipment month.
Is our mysterious pending OA partner also enquiring on the remaining available product within PLL's offtake agreement, as well as SYQ's available product? Because that would definitely require a complex commercial agreement and also explain delays in finalising the agreement.
If not, with delays in PLL's pipeline, wouldnt they be
desperate to see the remainder of their spod accounted for? and also,
if neither of the above cases are so, DO we in fact have a whole pile of spod going to port that isn't sold?
If i remember correctly, there was a reasonably adept member of our forum who stated that the current shipment seems to be travelling in a completely different direction to where we first thought?
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(20min delay)