Just thought I'd remind everyone here that's easily excitable that there's major headwinds ahead of us as a producer.
There's stockpiles of Africa spodumene, Chinese lepidolite and Brazil and Zimbabwe all coming online as part of global supply. As long as these supply channels and the lithium price stay low, it will be a tough environment for a while.
Reported in The West
https://thewest.com.au/business/mining/albemarle-improves-auction-sale-price-but-lithium-outlook-is-getting-gloomier-as-supply-piles-up-c-14919032?utm_source=www.moneyofmine.com&utm_medium=newsletter&utm_campaign=ownership-matters-takes-a-keen-interest-in-minres
You can see the spot price is between $1,000/t - $1,300/t and staying there
Citi is also reporting an elevated supply.
I'm very keen to see our production costs, margins and profits once we start production.
Just thought I'd remind everyone here that's easily excitable...
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