Spodumene Prices, page-2501

Prices of almost all commodities fall significantly in the last week, except lithium, almost exactly opposite to GS prediction.
Goldman Bullish on Commodities, Seeing Years-Long Supercycle
https://www.bloomberg.com/news/articles/2022-01-06/goldman-bullish-on-commodities-seeing-years-long-supercycle
They said that in January, when the price of copper (GS's favourite) was close to $10k, now it is close to $8k. They also said oil price was going towards $140 couple of weeks ago, exactly when it peaked at $120. Now the price is $107. (Ok, there is still time to fulfill their oil prediction). I don't think they are necessarily manupilating the market. But their tracking record and their competency, are something you should not take for granted.

Let's leave GS aside. This is a perfect environment for lithium miners, subsided inflation and high product price.

Even if lithium carbonate price drop a little, I don't think our offtake contract price will follow. As we all know, the bottleneck now is in mining, not converting. Current lithium carbonate price can support a spod price of $8,000, still with some profit left for converters.

However, when the concerns about economy is over, and if the speed of transitioning to renewables and electrification exceeds expectations, we might see a significantly even higher spod price.

What will GS say if that happens (Sorry I couldn't resist talking about GS again)? I can't wait to hear.