From AKE results:
Mt Cattlin produced 38,915 dmt of spodumene concentrate at 5.3% Li2O grade during the quarter.Spodumene sales of 21,553 dmt generated revenue of ~US$123 million with a gross cash margin
of 81% based on an average sales price of US$5,702 /dmt CIF for SC 5.2%, which corresponds to
approximately US$6,500 /dmt on a SC6 CIF basis, up 8% QoQ and above prior guidance. Pricing in
the June quarter is expected to be approximately US$5,000/dmt CIF SC6
Looks like SC6 prices held up well ex China. This will revise UP estimate for PLS comping up quarter results. And if China spot price starts to go back up as demand increases and less supplies, SP should be very bullish from now on.
From AKE results:Mt Cattlin produced 38,915 dmt of spodumene...
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