I think the chinese intended to take advantage of producers during lithium pricing bottoms to lock in supply, only to find quality feed for their converters isnt as easy to obtain this cycle.
Problem for them is producers are not playing that game this time and are locking in offtakes with converters at "market pricing" during the Spod price weakness. Converters will now be locked into buying larger volumes over thw next few years now, at market pricing, be it 800US or 8000USD/t.
Ann: Extended Offtake Agreement with Chengxin Lithium, page-25
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Last
$3.75 |
Change
-0.070(1.83%) |
Mkt cap ! $11.28B | |||
| Open | High | Low | Value | Volume |
| $3.81 | $3.83 | $3.75 | $60.11M | 15.92M |
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| No. | Vol. | Price($) |
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| 5 | 313433 | $3.75 |
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| Price($) | Vol. | No. |
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| $3.76 | 405 | 1 |
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| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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$3.76 |
Change
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| Open | High | Low | Volume | ||
| $3.81 | $3.83 | $3.75 | 3773943 | ||
| Last updated 15.59pm 04/06/2024 ? | |||||
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