General Discussion Banter GLN, page-14239

I guess whether GLENCORE deal will proceed will depend on the commercial factors, that is whether both party can benefit financiallly.

The current spot price for LCE is 90,000 RMB = 12,000 USD, and this price has been stabled in the last 2 months. So after applying 70% LiCL factor, LICL sold price should be 12,000 * 70% = 8,400 USD. After 4,000 OPEX, GLN has a profit before interest and tax 4,400 *5kt = 22m USD.

If CAPX loan is 120m USD@10% interest rate, GLN can still have a little profilt of 10m USD.

For GLENCORE, assuming covert and transport cost is 1,000 - 2,000, then its all-in-cost is very close to the 11,000, leaving profit 1,000 per ton, so 5m USD in total. Basically it means there is very tiny profit for GLENCORE.

Therefore I am guessing GLENCORE may not have incentive to proceed the deal.