ESS 0.00% 50.0¢ essential metals limited

Ann: Trading Halt, page-156

  1. 194 Posts.
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    If you have been following the market, then you should know that SC6% pricing for the June 2022 quarter is being negotiated at USD5000/t. We've moved past US$3000.
    Just refer to AKE's announcement on 1 April 2022(I don't think it was meant to be an April fool's joke!!)
    To quote directly from that:

    "Spodumene
    Similarly strong conditions in the spodumene market are supporting advanced discussions for spodumene concentrate pricing in the June quarter of approximately US$5,000/t SC6% CIF on sales of approximately 50,000 tonnes."

    Not sure if or how long that will stick with the whole of China going into lockdown, but just shows the desperation to get hold of lithium raw materials.

 
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