Not Gunna Be Enough Lithium, page-1912

Production Costs

Pilbara Minerals (ASX: PLS): Spodumene (~5.3% basis) costs of US$489 a tonne in the first quarter of FY24 on a FOB basis. While costs could moderate in the upcoming quarters, the first quarter figure is above the company's FY24 guidance of US$390 to US$436 a tonne.

Allkem (ASX: AKE): Produces both spodumene and lithium carbonate hydroxide. In the September quarter:

• Olaroz Lithium Facility produced lithium carbonate at US$6,088 a tonne
• Mt Cattlin produced spodumene (~5.3%) at US$636 a tonne on a FOB basis

Liontown's (ASX: LTR): Kathleen Valley Definitive Feasibility Study forecasted a 10-year average cash cost of A$651 (US$430) a tonne for spodumene (~6.0%).

IGO (ASX: IGO): Spodumene at cash costs of A$262 (US$173) a tonne in the September quarter.

Core Lithium (ASX: CXO): Spodumene costs of A$1,889 (US$1,225) a tonne in the September quarter. The company expects to get costs down to A$1,165 to A$1,250 a tonne (US$770-830) in FY24.

Piedmont Lithium (ASX: PLL): Spodumene (~5.3%) of US$805 a tonne in the September quarter.