Lithium futures price fetches CNY 120k per ton today, steadily...

Lithium futures price fetches CNY 120k per ton today, steadily recovering towards CNY 150k per ton as I expected.

FYI:
The start of production at Kathleen Valley is unlikely to arrest Liontown’s cash burn, given the slump in lithium prices. The type of lithium-rich spodumene concentrate that Kathleen Valley will produce was fetching $US950 ($1438) a tonne last week.

Kathleen Valley is likely to be profitable at such prices once production volumes are ramped up, but the first year of production is expected to see unit costs closer to $US1278 a tonne, according to Goldman Sachs.

That dynamic means Wednesday’s loan provides Liontown with certainty that it can sail through its early days of production. Liontown chief executive Tony Ottaviano said the loan positioned the company to deliver on its promise to start producing lithium “mid year”.