I want to start a new thread discussing on which one of the 4 Li producers is/are best to overcome continued bearish price sell off in Spod or hydroxides.
The theme of the discussions are:
Number of mines to mitigate operational risks from technical problems.
Geographical spread of revenues including sovereign risks.
Geology of mining including multi type of ores.
Lowest cost operators.
% of offtake partnering and unencumbered production
Profitable operations
Recovery complexities of geology, impurities and output grades.
Debt burdens.
Any other considerations.
In the current conditions of the state of the supply v demand imbalances, from my experiences observing producers in trouble, it always revolves around the same themes, Debt obligation sustainability, low margins and ability to cut cost to weather the storms of a continuing price received for goods.
Up and down rampers, take your best shot.
PLS Price at posting:
34.0¢ Sentiment: None Disclosure: Not Held
