Rerate likely soon if these market prices continue. Rodney Hooper asking the ? will LiOH have a 2 handle in H2. Limited SC6 supply.
On the back of my coaster I have written a FCF figure that I will not divulge due to the embarrassment of divulging my total lack of accounting skills. I based it on AU $1000 p/t. Laugh at that price if you want but IMO, it is on the conservative side, exchange rate dependant. Current share price is looking a bargain and a drop to 80-90 zone a ridiculous steal. Could we be that lucky. Well maybe after watching the pros working the buy/sell lines this week. Kudos to them. Wise up retail.
SP Platts confirming carbonate & hydroxide prices are essentially at parity in China. CIF North Asia LiOH nudging towards $15k/t. #RKEquity forecasts >$15k/t in H2 2021, could we see this sooner? Given inventory builds & limited SC6 supply could we see a 2 handle in H2?
Rerate likely soon if these market prices continue. Rodney...
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