interesting post on lithium, page-22

Hi Doogs,
The same site, myresources.com.au reported on the 14th June 2011,

"Talison to slow down operations"

"Talison Lithium CEO Peter Oliver said the company, in the midst of expanding its Greenbushes mine south of Perth, would not run at full capacity once the expansion was completed in the first quarter of next year (2012).

This overcapacity is indicative of price easing (supply exceeding demand) and is perhaps the reason that GXY did not sell its spodumene on the open market when opening of the carbonate plant in China was delayed by 6 months, but instead decided to stockpile the spodumene in China.

Cheers
Moorookamick

PS: Talison sells most of its spodumene to China in grades ranging from 7.5% to 4.5% with a production average of 6%.
GXY average ex Mt Catlin is 5.5%.