For now the spodumene concentrate, which is the raw material to make Li hydroxide, is still tight in supply and the demand is OK. It comes down together with the whole thing but relatively better. I think the spot and long term contract prices will meet. It's healthy to have such price correction, we don't want to kill the demand either. PLS is a large miner with lower unit costs and already spent on growth of concentrate and vertical processing. We will be benefit from that (further lower unit costs and processing profits) next calendar year. GLA.
Good News & Bad News, page-25158
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