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clock Created with Sketch. 04/12/23
15:59
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Originally posted by fugazied:
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UBS forecasts Chinese lepidolite production will increase from 130 kt this year to 189 kt in 2024, and 282 kt in 2025. It is going to be the marginal cost of production of Chinese lepidolite producers which largely determines the prevailing price for other lithium minerals in the near term.US$800/t . To put this into perspective, that’s roughly a little more than half of the current spodumene spot price. I don't trust banks/analysts but the price continues to collapse, giving them more credence.
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Yes, somehow according to the report, the marginal cost of lepidolite producers has dropped from 150000 to 80000 rmb/t - not sure how
(20min delay)