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78.0¢ avz minerals limited

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Haplo

17,002 Posts.

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21/04/17

10:19

Post #: 24187092
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Originally posted by ConcerndCitizen ↑

If I've got this correctly, in March 2016 GXY signed an initial offtake agreement of US$600/t for 60kt of (minimum) 5.5% spodumene concentrate, with the price to be renegotiated later in the year.

Then in December 2016, GXY announced an updated agreement for US$830/t @ 5.5% increasing $15 per 0.1%, ultimately selling 120kt of 6% lithium concentrate @ US$905/t.

Now in April 2017 another producer has secured US$1000/t @ 6% for a minimum 100kt per year of lithium concentrate.

~38% price increase for 5.5% Li2O in the 9 months to December, and 10% increase for 6% Li2O in the 4 months from December to April.

It all sounds very bullish.

I haven't been following the lithium market as a whole. Have there been any other notable offtake agreements signed in this period?

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TAW is so far the highest price agreement yet but we still have the rest of the year to go.

The only other news of note is that MIN has commenced DSO operations directly to China this week as well.

DSO is basically where the ore is dug up and run through a crusher and then ship directly to China for them to process it into lithium concentrate. It's the first operation from OZ.

Lithium supply shortage anyone ?

Haplo

AVZ Price at posting: 3.2¢ Sentiment: Buy Disclosure: Held
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