Ann: Updated Mineral Resource Estimates for Helikon 1 and Rubicon, page-53

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Sharpey

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25/02/20

18:34

Post #: 43145720
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Originally posted by Aggedor: ↑

And also, according to comments from a lithium distributor, lithium production in china has been delayed and logistics has also slowed due to the coronavirus. The distributor says that at the moment they still have some stocks but are a little worried about the future situation come the chinese spring.

That info is from Fast Markets/ Metal Bulletin

I guess spring in china would be our autumn

Makes me think of loisl's post of 2/2/20 with Joe's comments saying he's confident that sentiment in the lithium chemical market will improve because a lot of production has been curtailed possibly leading to the market going into supply deficit later this year. And that some industry observers have been starting to speculate this..

I imagine joe was not factoring in the coronavirus effect when he said this

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@Aggedor have to distinguish between whether it is supply or demand affected by the shutdowns.

From what I understand, the battery grade hydroxide that we are most interested in, which is used in the high nickel batteries, is consumed in Japan and Korea. China is a supplier, not a consumer.

The Japanese and Korean battery manufacturers are working, but if the Chinese producers aren't, hydroxide prices will rise.

Different story for carbonate, where domestic demand in China is a much bigger driver.

We may see a blow out in the hydroxide to carbonate premium.

Cheers

LPD Price at posting: 1.2¢ Sentiment: Buy Disclosure: Held
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