Well here is the key factor the market was updated on today IMO. Ngungaju: Load commissioning (with the introduction of ore) commenced post Quarter end (9 April 2022) (already mentioned 12th Apr).
Full commissioning and ramp-up of the Ngungaju Plant, including improved lithia recoveries, is
expected to be achieved from the September 2022 Quarter, at which time targeted annual
production capacity is expected to be between 180ktpa to 200ktpa of spodumene concentrate. (new IMO).
So sounds like PLS will be getting at least 15 ktpcm spod conc from Sept at the latest. Doesn't seem any reason why uncontracted spod will suddenly be in oversupply. Could be some big dollars in the spot market for that output, looking at that BMX auction result.
Ann: March 2022 Quarterly Activities Report, page-79
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Last
$3.18 |
Change
0.080(2.58%) |
Mkt cap ! $9.561B | |||
| Open | High | Low | Value | Volume |
| $3.13 | $3.19 | $3.11 | $10.67M | 3.379M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 68981 | $3.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.19 | 326227 | 51 |
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