Yup, still robust prices.
'Platts reports 27th Sep 2018 price of 5-5.5% Lithium concentrate:
* FOB Australia RMB 6,500/t equivalent to US$ 944.61/t;
* China internal pricing RMB 7,000-8,000/t equivalent to US$ 1,017.27/t to US$ 1,162.60/t
* Over the last year in China lithium carbonate price has fallen 66% (US$ 24,600 /t to US$ 8,250 /t including 17% VAT) & the lithium 5% concentrate prices has only fallen 15%. This highlights the stability in lithium concentrate pricing vs final derivatives.
* It is our view that spodumene converters in China have had their margins normalised from the super profits they were enjoying in 2017 and early 2018.'
That's some mighty prices for 5 to 5.5% grade! Lithium carbonate has bottomed out its seems too now.
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