From a basic calc, 7.4 tonnes of spod at say $550 pt + $3,000 to covert = $7,070 in costs, selling at $15kpt is $7,930 (112%) margin. Their will be other costs not included in above calc, but at current spod prices, its reasonable to assume that may be pushing Ganfeng sp up.
Good News & Bad News, page-3858
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