@malmanu, you seem to not know what thread to use so I've replied to your Chart thread post here. Spodumene prices as it seems appropriate for what a CATL Leshitolite mine produces LCE for.
Wrong thread but for the sake of fact checking your post, I'll reply here.
Please list all the mines owned by the top 7 battery manufacturers with their expected production.
I'll help you out. CATL, the biggest, desperately short of raw materials, in fact, so short, they paid overs for a Leshitolite mine in Jiangxi province in 2022 and are now producing 15-20kt of LCE from the shite at 120k yuan per tonne. Yep, you guessed it, at a loss currently. Not only that, they expected to produce more but that's what you get when processing Leshitolite. Love the expected 200kt capacity target. They may reevaluate that with current prices. Even CATL cannot sustain losses of that magnitude ongoing. 200k LCE x -46k yuan = 9.2B yuan loss or approx' US $1.3B. Imagine the toxic waste/tailings that will produce, the cost of cleaning that up and a $1.3B loss to be fortunate enough to own a 200kt Leshitolite mine.
They have a few other doozy's also, would you like me to list them?
If UBS or yourself need to fact check anything before making a total A&$# of yourself, please feel free to post it here as we like to help our fellow HC friends.CATL completed phase-one construction and started production late last year at the mine, which is expected to have capacity for 200,000 tonnes of lithium carbonate equivalent (LCE) once its third and final phase is complete, accounting for a significant part of China’s lithium output growth.
Analysts estimate CATL’s costs of lithium carbonate production at around 120,000 yuan (S$22,382) per tonne, higher than spot prices hovering around 100,000 yuan.
Some China-based analysts said on Thursday that they expect the mine to produce 15,000 to 20,000 tonnes LCE this year, far less than expectations of 40,000 to 45,000 tonnes LCE under more normal market conditions.
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