Delta Lithium General Discussion, page-2114

Hey mate, it's correct that shipping costs have increased, but that hardly means that "it will be very hard for China to freight lithium out of Africa", as the original post stated. For context, war risk premiums for ships travelling through the Gulf of Aden recently rose from 0.07% of a ship's hull value to 0.2%. An ore carrier is likely worth anywhere from $25-100m, but I'll use the high end to make my point.

0.2% of $100m = $200k

$200k insurance for a cargo worth $30m is peanuts in the scheme of things. And remember, ships going from Zimbabwe to China aren't going anywhere near the Gulf of Aden.