That is HARDLY an all-time low price for SC6.
I've seen the SC6 price as low as U$400/dmt, but then to have something to quote, I went to PLS' 2019 announcements and randomly selected the September 2019 quarterly activities report. On Page 10, it indicates that, and I quote, "The SC6.0 reference price applied to sales during the Quarter was in the range of USD$550-USD$600/dmt CIF China." That's less than five years ago.
https://1pls.irmau.com/site/pdf/7f92811c-cb9c-40b1-b1a0-d30e7495998c/Quarterly-Activities-Report.pdf
BTW, the June 2019 quarterly indicated U$644/dmt (Page 8 of the quarterly), and the December 2019 quarterly indicated that in December of 2019, the realized price for SC6 was U$460 (Page 5), but I'll let you look those two up.
Yes, the price of SC6 is disappointing, currently, though we're still slightly profitable, so it's not the end of the world, and eventually, the solution for low prices will be low prices. That said, it's been MUCH worse, and you only have to go back a few years to find "the bad old times."
Spodumene Prices, page-4565
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