I guess whether GLENCORE deal will proceed will depend on the commercial factors, that is whether both party can benefit financiallly.
The current spot price for LCE is 90,000 RMB = 12,000 USD, and this price has been stabled in the last 2 months. So after applying 70% LiCL factor, LICL sold price should be 12,000 * 70% = 8,400 USD. After 4,000 OPEX, GLN has a profit before interest and tax 4,400 *5kt = 22m USD.
If CAPX loan is 120m USD@10% interest rate, GLN can still have a little profilt of 10m USD.
For GLENCORE, assuming covert and transport cost is 1,000 - 2,000, then its all-in-cost is very close to the 11,000, leaving profit 1,000 per ton, so 5m USD in total. Basically it means there is very tiny profit for GLENCORE.
Therefore I am guessing GLENCORE may not have incentive to proceed the deal.
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17.0¢ |
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Mkt cap ! $80.57M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 848959 | 16.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.0¢ | 312986 | 3 |
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No. | Vol. | Price($) |
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7 | 848959 | 0.165 |
17 | 472806 | 0.160 |
9 | 1302265 | 0.155 |
16 | 1643749 | 0.150 |
2 | 360000 | 0.145 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 312986 | 3 |
0.175 | 126400 | 5 |
0.180 | 282456 | 9 |
0.185 | 282064 | 5 |
0.190 | 72077 | 3 |
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