"Thats a revenue of $500m a year ....just saying for $US2,000/tat US$2,500/t thats $625m a year ....just saying"
Calculations on todays pricings are probably way under and unrealistic im starting to think - by the time we mine spod, contracts will be way North of those. Pricing really appears crazy and all forcastes are up up up - but its just market forces at play.
Try US $3500/t in that calc - then convert to AUD
Todays Pricing
Upstream, S&P Global Platts assessed spodumene concentrate with 6% lithium oxide content (SC6) at $3,000/mt FOB Australia Jan. 14, up $150/mt week on week.
A Q1 offtake agreement was heard signed at $2,500/mt.
Tradable levels for spot materials were largely indicated at $3,000-$3,500/mt range. “Spot 6% oxide spodumene would likely easily attract $3,500/dmt CIF China basis, or higher,” said a producer. “I feel that the momentum is still strong.
I just cannot see how supply can keep up with the projected demand for this year,” said an international trader."