I nearly cracked myself laughing when i saw this:
Lithium carbonate min 99.5% Li2CO3 battery grade spot price yuan per tonne, ex works China | Column 1 | Column 2 | Column 3 |
|---|
| 1 | Origin: | | China |
|---|
| 2 | Basis: | | Ex-works, VAT included |
|---|
| 3 | Delivery window: | | 30 days |
|---|
| 4 | Min lot size: | | 5 tonnes |
|---|
| 5 | Quality: | | Min 99.5% Li2CO3 (delivery of Min 99.2% Li2CO3 also accepted, qualified for use in battery applications) |
|---|
| 6 | Form: | | Powder |
|---|
So Metal Bulletin has been basing their spot prices off tiny lots with a minimum of 5 tonnes?! With 99.2% accepted as battery grade?!
They must be getting their prices from Alibaba LOL!
Thats too easy to manipulate...just sell a 5 tonne lot at a sheet price and boom!.....the worlds ending lol. So this is what they've been up to.....
And that acceptable grade is a joke...thats why they have been producing such crap quality batteries....cue NIO's flaming batteries.
Thats why ALB and SQM are up in arms with LME choosing MB.......its all big scam i tell ya
Don't believe them spot prices. 5 tonne lots! LOL!
How about showing us some contract pricing instead, with different pricing for each varying quality between different producers....oh wait, that way too much work.
