Spot on! “Most lithium supply is locked up in opaque long term...

Spot on!


“Most lithium supply is locked up in opaque long term contracts. 60% drop? Our producers tell a different story.

Hard rock miner Pilbara Minerals (ASXLS)reported an average realised spod price for the March quarter of US$4,840/dmt. That’s a 15% drop on the prior quarter.

MinRes (ASX:MIN) says its average realised lithium battery chemicals revenue was US$56,996/t (exclusive of China VAT), down 14% over the same period.

Allkem (ASX:AKE) says the average price received for its lithium carbonate from third party sales was US$53,175/tonne, in line with the previous quarter.

Meeanwhile, spod from Mt Cattlin generated an average realised sales price of US$5,702/t, “an 8% QoQ increase which corresponds to approximately US$6,500/dmt CIF on an SC6 equivalent”.

An 8% increase, they say.”