AZS Media related thread, page-562

This was a commentary from LRT about lithium prices and Chinese imports. Note the price paid for imports of over $4k is significantly above the spot prices in July.

“Chinese lithium prices continued falling in August. There has been ongoing commentary from China around lepidolite (a lithium-bearing mica mineral which is more costly to process than spodumene) being the marginal cost producer in the low US$20,000’s. In July 2023, China's spodumene concentrate imports were about 371,979 mt in physical content (equivalent to about 38,000 mt in LCE equivalent), an increase of 6% MoM and 27% YoY. The average import price is about $4,083/mt. The increase in imports in July came mainly from Australia and Brazil, major exporters of lithium ore.”