The next ann by GXY is likely to be the export of 31000 tons of spodumene to China. It will be interesting to see if the 15% price increase referred on this blog will be factored-in.
What do you think forthelonghaul?
Will it be at the transfer price be $238 per ton as per the first shipment last April given that there has been reports of a 20% price increase ( see co anns) in July and another 15% increase recently which you have just brought to our attention on HC?
That would take the Aussie price up to $328/ton which would be a vast improvement from $238/ton.
despite the hoo-haa about price; something tells me that the transfer price will likely be $238/ton
By the way, this Dec. shipment will bring the GXY's Chinese spodumene stockpile to over 50,000 tons.
Let's pray there's not a flood!
Cheers Moorookamick
GXY Price at posting:
29.3¢ Sentiment: None Disclosure: Not Held
