Spodumene Prices, page-2110

I wonder when we might start to hear some progress announcements wrt the POSCO/PLS JV hydroxide facility. With hydroxide trading at US$62kpt (AUD$86k) PLS's small 18% participation (~7,750 tonnes) would generate revenue of AUD$666 mill. Assuming lithium prices start to come off the boil by say 20% (AUD68,800) from above as new supply comes on line next year, that's still a very heathy revenue result of AUD$533 mill.

However, the above assumes that hydroxide prices peak at said AUD$86k, which is looking very unlikely at this point in time, who knows, hydroxide prices could peak at AUD$110kpt. Then, we can add on the 315kt spod offtake agreement to supply the JV hydroxide facility, for which those sales are at prevailing market prices, let's say US$2,000pt (AUD$2,780) by mid next year, thus a further AUD$876 mill in revenue.

Crazy numbers, but realistic at this point...