Spod Oresome! All things good are still oresomely white & green and will be for a long while yet, including spodumene pricing which is reaching new newer Himalayan heights that were unimaginable to most of us believers a short while ago. During the 2021 calendar year, Spodumene (SC6.0) concentrate prices have gone from US$395 to +$1,775per dmt (+350% and is anticipated to rise another +60% in the March 2022 quarter from the documented received prices in the December 2021 quarter.
“Indicative pricing for the March 2022 Quarter under existing offtake contracts expected to be in the range of US$2,600-3,000/dmt CIF China (SC6.0 basis)”, extract from PLS Dec 2021 Quarterly Report, p1.
“Positive lithium product pricing momentum continues with indicative pricing for H2 FY22 spodumene shipments already at US$2,500/t CIF (6.0% Li2O)”, extract from AKE Dec 2021 Quarterly Report, p1.
Spodumene (SC6.0) concentrate prices by quarter since 2018:
Mar 2022 qtr US$ 2,600 to 3,000 (~+60%), to be confirmed. The sky is still the limit.
Dec 2021 qtr US$ 1,750 to 1,800 per dmt (~+100%), PLS Dec 2021 qtrly
Sep 2021 qtr US$ 850 to 900 (~+45%)
June 2021 qtr US$ +600 (~+14%)
March 2021 qtr US$ 526 per dmt (+33%)
Dec 2020 qtr US$ 395 per dmt (0%)
Sep 2020 qtr US$ 398 per dmt (-3%)
June 2020 qtr US$ 411 per dmt (-2%)
Mar 2020 qtr US$ 419 per dmt (-19%)
Dec 2019 qtr US$ 520 per dmt (-14%), Mar 2020 qtr – MIN no longer reporting sale prices.
Sep 2019 qtr US$ 608 per dmt (-11%)
Jun 2019 qtr US$ 682 per dmt (-14%)
Mar 2019 qtr US$ 791 per dmt (-14%)
Dec 2018 qtr US$ 930 per dmt (-13%)
Sep 2018 qtr US$1070 per dmt (+11%)
Jun 2018 qtr US$ 960 per dmt (+7%)
Mar 2018 qtr US$ 900 per dmt (+7%)
After a short period of reflection and profit taking, all aboard for the next upward LTR run. With a load of spodumene in one hand and a bag of greens in the other, this one is a no brainer. Bye …
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Sometimes the questions are complicated and the answers are simple.
~ Dr Seuss
Spod Oresome! All things good are still oresomely white & green...
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