Hi @Koi-7. I totally disagree with the suggestion inferring an expedited move to added value. The BMX current pricing is zero margin for the converters. Do the math currently they are paying around $6000 for 60kg of Li2O, 1000kg of LiOH mono requires a 12 x multiple just to break even at $75kg LCE.
As Ken said a couple days ago “All the margin has gone upstream because this is where the shortage is”.
We don’t need to be in a hurry to create added value where there is no margin. Maybe in years to come when pricing settles back around $3000/t there maybe margin in conversion.
Kind regards RT
Ann: Diggers & Dealers Conference 2022 Presentation, page-84
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