Spod Oresome! All things are white & green and will be for a...

Spod Oresome! All things are white & green and will be for a while yet, including spodumene pricing which is reaching heights that were unimaginable to most not so long ago. Many green shoots are flowering now.

“Noting that the latest (14/10/21) spodumene sales prices reported by Fastmarkets was US$2.000-2,500/t (SC6 CIF)”, extract from CXO Sep 2021 Quarterly Report, p4.

“Contracting arrangements with long term customers are well advanced for further shipments of ~38.5kt in the December quarter and ~25kt in early January 2022 with a target grade of 5.7% Li2O. Average pricing for these shipments is approximately US$1,650/tonne CIF for 6% Li2O, double that of the September quarter”, extract from ORE Sep 2021 Quarterly Report, p4.


Spodumene (SC6.0) concentrate prices by quarter:
Dec 2021 qtr US$ the sky is still the limit, +US$2,000 (+100%), to be confirmed
Sep 2021 qtr US$ +US$800 to 1,000 (+50%), to be confirmed
June 2021 qtr US$ +600 (~14-24%)
March 2021 qtr US$ 503-546 per dmt (~29-36%)
Dec 2020 qtr US$ 390-400 per dmt (0%)
Sep 2020 qtr US$ 390-405 per dmt (-3%)
June 2020 qtr US$ 411 per dmt (-2%)
Mar 2020 qtr US$ 419 per dmt (-19%)
Dec 2019 qtr US$ 520 per dmt (-14%).
Sep 2019 qtr US$ 608 per dmt (-11%)
Jun 2019 qtr US$ 682 per dmt (-14%)
Mar 2019 qtr US$ 791 per dmt (-14%)
Dec 2018 qtr US$ 930 per dmt (-13%)
Sep 2018 qtr US$1070 per dmt (+11%)
Jun 2018 qtr US$ 960 per dmt (+7%)
Mar 2018 qtr US$ 900 per dmt (+7%)

It is a great time to be in the lithium sector with a stock that majority owns the high-grade Tier 1 Manono Lithium+ Project that in time will contain 40% of the World’s hardrock spodumene bearing lithium resources, up from the current +20% … Bye …

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Sometimes the questions are complicated and the answers are simple.
~ Dr Seuss