Your first variable is wrong, as you have already said. LTR offtakes are not linked to SC6 market but to LiOH. Nobody here knows which LiOH prices will be taken into consideration because the agreements are not public. A sound possibility will be to link LTR product to the LiOH price obtained by the same converter where that product will go. This is a win-win agreement. If the converter is outside China (Korea, Japan), nothing to do with most commonly published prices.
LiOH prices were as low as 13,900 USD in China last December
https://source.benchmarkminerals.com/article/lithium-hydroxide-prices-fall-below-rmb-100000-a-tonne-as-producers-offer-discounts
whereas LiOH prices in Korea were quite higher at those times (31,000 USD according to Joe Lowry):
https://x.com/globallithium/status/1754855561990975490
Your first variable is wrong, as you have already said. LTR...
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91.5¢ |
Change
-0.050(5.18%) |
Mkt cap ! $2.218B | |||
| Open | High | Low | Value | Volume |
| 96.0¢ | 96.5¢ | 91.3¢ | $11.73M | 12.49M |
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| No. | Vol. | Price($) |
|---|---|---|
| 11 | 207368 | 91.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 92.0¢ | 15000 | 1 |
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