LTR 0.00% $1.23 liontown resources limited

Spod Oresome! Happy April Fool’s Day, what a day, what a month,...

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    Spod Oresome! Happy April Fool’s Day, what a day, what a month, what a year so far it has been for all lithium enthusiasts and investors of all types and sizes. Quarter by quarter new new spodumene price highs are reaching unimaginable figures not so long ago …

    “Similarly strong conditions in the spodumene market are supporting advanced discussions for spodumene concentrate pricing in the June quarter of approximately US$5,000/t SC6% CIF on sales of approximately 50,000 tonnes.

    March quarter sales of spodumene concentrate were completed at a price of approximately US$2,218/t SC6% CIF DMT which includes tonnes that were delayed from the December quarter”,
    extracts from AKE ASX release titled Lithium carbonate and Spodumene concentrate pricing update, 1st April 2022, p1.

    OMG! Spodumene (SC6.0) concentrate prices are anticipated to rise another +100% in the June 2022 quarter from the received prices in the March 2022 quarter. On average the Spod price has risen over 40% for the past five quarters with no end in sight. Still time to top up with all things green and white.

    Again, more big cheers and swigs to all LTR shareholders and sundry … Bye …


    Spodumene (SC6.0) concentrate prices by quarter:

    June 2022 qtr US$ +5,000 (+100%), say what. Above and beyond, are we there yet? A big Spod Oresome No for me …
    Mar 2022 qtr US$ 2,218 (+25%), confirmed. AKE ASX release 01/04/2022
    Dec 2021 qtr US$ 1,775 per dmt (+100%), PLS Dec 2021 qtrly
    Sep 2021 qtr US$ 875 (+45%)
    June 2021 qtr US$ +600 (+14%)
    March 2021 qtr US$ 526 per dmt (+33%)
    Dec 2020 qtr US$ 395 per dmt (0%)
    Sep 2020 qtr US$ 398 per dmt (-3%)
    June 2020 qtr US$ 411 per dmt (-2%)
    Mar 2020 qtr US$ 419 per dmt (-19%)
    Dec 2019 qtr US$ 520 per dmt (-14%), Mar 2020 qtr – MIN no longer reporting sale prices.
    Sep 2019 qtr US$ 608 per dmt (-11%)
    Jun 2019 qtr US$ 682 per dmt (-14%)
    Mar 2019 qtr US$ 791 per dmt (-14%)
    Dec 2018 qtr US$ 930 per dmt (-13%)
    Sep 2018 qtr US$1070 per dmt (+11%)
    Jun 2018 qtr US$ 960 per dmt (+7%)
    Mar 2018 qtr US$ 900 per dmt (+7%)


    ……………………………………………………………………………………………….……
    Sometimes the questions are complicated and the answers are simple.
    ~ Dr Seuss


 
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