"To cut to the chase, we suggest that lithium prices, which are already up 500% from the Q3/20 trough for SpodCon and 700% for BG lithium carbonate, could rise as high as 1300% from the trough.
So, to put that in plain numbers, that’s SpodCon prices of over US$5000/t and BG lithium carbonate prices of over US$60/kg in this cycle.
That’s compared to SpodCon prices now of US$2360/t, China spot BG LC prices of US$38.8/kg and contract prices around US$20-25/kg. So, that’s still quite a big increase from here, for all those cautioning that the lithium event is over."