They can sell via auction or arms length agreement between...

  1. 23,759 Posts.
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    They can sell via auction or arms length agreement between parties, people can talk about quality of the SC6 produce but at the end of the day, a besieged partner operating in a challenging environment isn’t going to pay you anything well above the market price.
    When SC6 price was at $1000, lithium hodlers were screaming bottom, now at $790, 20pc lower you still don’t have strong demand coming in.

    Chinese EV sales growth is tapering , you cannot expect the Chinese consumer to keep buying or replacing new cars, it reaches saturation point. With that, demand for lithium which is largely in China is declining while supply continues to grow and forward sentiment weakening. SC6 price can remain at $600-700 and the South Americans and Africans can still produce at a marginal profit, not Australian miners though. And in due time, the Chinese would be turning their attention and focus towards procuring minerals from those two continents.
 
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