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We arent suprised by the 600 - 640 / ton price. The bottlenecks...

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Investor Bob

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17/06/19

17:36

Post #: 39098680
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Originally posted by Dr_Manhattan ↑

You answered it fine. The only extra issue is that the conversion always has some loss. I've read plants getting 85% recovery from the SC6. Roughly 220kt gets about 28kt of carbonate with say an 87% conversion yield. 220kt/28kt = 7.86x factor in conversion. I've seen Rodney Hopper use a 8x factor in his analysis, so I think its pretty close. The issue with hydroxide is that brine produces need an extra step of processing which is costly, hence the talk of why hardrocks are attractive for it.

So looking at PLS update.
* 85% output (22,375 dmt in May) and recovery on track.
* SC6 converter capacity bottleneck still there.
* Relevant for AJM,

'This industry-wide situation is also true for Pilbara Mineral’s Stage 1 offtake customer group, where both General Lithium and Ganfeng have been constructing, commissioning and ramping-up substantial new chemical conversion capacity in the last 6 to 9 months. In each case, this has taken longer than expected.'

'the demand for battery-ready lithium chemical stocks remains strong, which indicates that the current weakness in the spodumene concentrate market is due to a temporary bottleneck caused by delays in the ramp-up of chemical conversion capacity in China'

'Consistent with the current trading conditions for lithium raw materials in China, spodumene concentrate pricing has also continued to soften and is currently in a range of approximately USD$600-640/dmt CFR China (SC6.0 basis).'

Will be interesting to see if AJM have any such comments in its next announcement (I'm ignoring the clusterfark that is JRO).

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We arent suprised by the 600 - 640 / ton price. The bottlenecks hopefully wont be a long term issue either.

Even the big processors it would appear werent prepared to put their ghoulies on the line initially.

AJM Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
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We arent suprised by the 600 - 640 / ton price. The bottlenecks...

Flynn Gold flags mid-grade drill hits and always eye-catching rock chips

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We arent suprised by the 600 - 640 / ton price. The bottlenecks...

Top Stories

Flynn Gold flags mid-grade drill hits and always eye-catching rock chips

Talking Australia's very competitive property landscape: Realty Talks

Metalicity looking for offers on Admiral Bay zinc project

NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project

Imricor raises $35M to pursue growth and expansion into Australia and NZ

Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach

Wealth Within considers potential takeover targets in Australia's booming infrastructure industry

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Warren Tredrea’s weekly sports business wrap: the latest on business in sport

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