Banter and general comments, page-25344

Any chance they are talking about us here?

A 6% lithium oxide content spodumene was heard concluded for June shipment at a provisional price of $6,789/mt with a volume of more than 25,000 mt.
However, sources deemed the trade unrepeatable and were hesitant to purchase spodumene at the moment due to the sharp decline in lithium salts.
Indicative offers at $3,500-$5,000/mt did not attract any buying interest in the week to April 14.
“There is no need to buy because of the poor demand, mostly running on LTC,” said a miner. With the current low lithium salts prices, buying spodumene at the current spot price meant that the margins are thin, he added.
Spodumene at $6,789/mt is equivalent to the cost of Yuan 450,400/mt for producing battery-grade lithium carbonate, inclusive of 13% VAT and a processing cost of Yuan 30,000/mt. At Yuan 155,000/mt, it represents a significant profit margin loss for refiners.