Core Lithium is one of the new mines here under construction.The...

Core Lithium is one of the new mines here under construction.The ASX-listed company made the call to go ahead with the mine near Darwin at the end of last year, when lithium prices were starting to really take off.Chief financial officer Simon Iacopetta believes the price drop forecasts by Credit Suisse and Goldman Sachs are overstated. "We expect the shortfall of supply or new products coming to market to result in a continued strengthening of [prices] for the near term," Mr Iacopetta said. However, Mr Iacopetta told ABC News that the mining project's feasibility was based on a long-term forecast of prices coming down to as low as $1,000 for the spodumene concentrate lithium ore that it sells to market."We should be selling into a fairly positive price environment and generating healthy margins," he said.Core Lithium is expecting to start shipping out lithium from it's mine site near Darwin by the end of 2022.(ABC News: Tristan Hooft)Core Lithium has locked in two buyers in China. It is also one of several mines across Australia that has signed early deals with one of the biggest names in batteries, Tesla."There's been many opportunities to celebrate and that was one," Mr Iacopetta said."I think the shift to decarbonisation is gaining momentum and will continue to do so."

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