Lithium prices are soaring. China has announced it is moving away from petrol engine to electric cars. (pollution problem) Three countries produce lithium. China, Australia and Chile. Price currently about US$60k ton, for battery grade metal. Plant at Mt Marion producing about 400k tons year of 6% concentrate. that would be 24k tons of lithium contained. At US50K a ton, that is US$1.2 billion $A1.6billion year worth but it does have to be refined to get there.
Those commissions on the ore are looking very microscopic, by comparison. Lets not be a big mug again this time Cooky.
Lithium prices are soaring. China has announced it is moving...
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