55299282For those interested, the above embedded post in a peer...

55299282
For those interested, the above embedded post in a peer comparison thread gives my view on spodumene prices. For those thinking spodumene prices above US$1000 per tonne are going to be the norm you need carbonate and hydroxide prices to rise significantly for that to occur. Most of PLS's sales, and those of other miners are under long term contract at much lower prices than PLS's recent spot sale. If that PLS price was the actual sales price for all its sales, at current carbonate prices, downstream converters would not be making any money. Hydroxide producers would be facing costs of production, including processing costs, for converting spodumene to lithium hydroxide monohydrate of US$12,000 per tonne. The above embedded post explains that. Albeit, obviously until new supply comes onstream existing brownfield producers such as PLS will benefit from the current supply shortage.
All IMO