The Spod spot prices will not go much higher unless the Carbonate and Hydroxide spot prices rise. There is stuff all margin left for the converters at present prices. Something has to give IMO.
Could be why PLS took the pre auction bid, they probably knew the price could not be much higher.
Spodumene Prices, page-2864
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$3.09 |
Change
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| Open | High | Low | Value | Volume |
| $3.09 | $3.17 | $3.06 | $43.28M | 13.95M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2499 | $3.09 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.10 | 26336 | 2 |
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