Hello All,
Found a good article from the International Energy Agency:
So assuming AJM can raise funds / refinance debt and get past the next 6 months of poor spodumene prices the fundamentals are looking good for electric vehicles. As China is the only country that processes lithium carbonate from spodumene (until Greenbushes facility comes online) the 34% drop in electric vehicle sales I am expecting to hit AJM's sales prices over the next 3 months.
It will be a real test of the USD 550 / tonne floor in the contract prices. I am hoping the Chinese honor this even though they did not with A40.ASX.
Good luck all,
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