News: AKE Argentina lithium export value jumps 133% in first quarter, page-5

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Audax77

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20/04/23

02:08

Post #: 67365911
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Originally posted by ljcamp: ↑

“The top destinations for Argentine lithium in the first quarter were China (31%) and Japan (31%), followed by the U.S. (13%) and South Korea (12%).”

nice

usd$233m

given the only two producers are AKE and Livent and livent has primarily got their conversion facility locally I. General gumes (domestic), china and the US, we can assume:

japan 31% or $72m
south Korea 12% or $28m
$100m is Ake @ 66.66%?

plus what ever of the 31% we shipped to China.

plus 70% of sales from Naraha, which we know from the half yearly that the hydroxide is on spec and running at 85% capacity. The build up of tech grad carb material over the previous couple is already been expensed, so the sales less a bit of conversion cost will hit straight to the bottom line. Could be a nice little surprise?

im really keen to see the June quarter guidance for sales and production from Naraha.

plus mount cat 7,000 tonnes and what ever low grade material they managed to flog off for obscene pricing.

sales mount cat 50,000 plus to hit guidance for year.

guidance on stage 2 oloroz also significant. With any luck their previous “conservative” time line for production can be exceeded.

guidance on pricing will be critical but based on the above apparent exposure to Japan and South Korea plus trailing long term contract mechanism, it may well be a surprise to the market, just how buoyant pricing remains, much to the dismay of the communist party.

snaps biscuits…

sips tea…

not advice

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At least some of the volume to the US is from SDJ.
Roughly 20 t/month over the past few years.

AKE Price at posting: $12.28 Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

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