Spodumene seems to be leveling off..... “Our spodumene long-term...

Spodumene seems to be leveling off.....

“Our spodumene long-term price was as high as $6,300 per tonne in the first quarter. Since the price is quarterly negotiated, it is lagging the decrease in lithium salts market. Given the latest lithium prices, we suffer losses by selling lithium carbonate,” a Chinese lithium producer source said.
“If the spodumene price is $4,000 yuan per tonne, the corresponding production costs of lithium carbonate is 270,000-280,000 yuan per tonne and lithium hydroxide at 250,000 yuan per tonne,” a sixth Chinese lithium producer source said.
Spot spodumene prices moved upward over the two weeks to Friday, despite continuing weakness in downstream lithium salt spot prices and tight spodumene spot availability.
Fastmarkets’ price assessment for spodumene min 6% Li2O, spot price, cif China was at $4,400-6,225 per tonne on Thursday, up by 9.54% from $4,500-5,200 per tonne on March 30. But it was still below the peak price reached on December 8 last year, when it was assessed at $8,000-8,575 per tonne.