Running discussion on SP, page-42335

The Chinese laugh/ed too when Ships of off-spec SC6 arrived at port their side.

honestly why do Aussies think Aussie miners are infallible? The land of cricket ball tampering?

in 2019, I recall, PLS (back out tantalum revenue) was USD 602 / t, AJM USD 601 / t and MIN USD 791.84 / r

Based on MIN guidance for June Qtr 2019, PLS and AJM were receiving 25% less 13% or USD 519 / T

What youre not seeing, and it’s because it’s kept fairly opaque, is that those companies linked to China domestic lithium carbonate spot pricing.

AVZ’s pricing is dis-similar, as can be seen with “Pricing USD/CIF, China determined by a formula which references various published market prices of lithium carbonate and lithium hydroxide products and underpinned by an agreed floor price”

Back in the day only KDR was linking for hydroxide, now we see a change in terms as evidenced in quote above.

Note also “VARIOUS” - does this suggest LME as well?

Now if pricing is manipulated by say Ganfeng, AVZ would be aware of that having had a thorough going tutorial on shenanigans none other than by Airguide over two years.

And if not honoured, not 2 out of 3 have three year terms and or, by the time AVZ is shipping EU and other jurisdictions would be demanding supply.

The market is also fundamentally changing with Western OEMs demanding supply, Chinese have commitments that likely won’t rely on any changes on regulation of kinds of EV batteries or EV subsidies