Spodumene Prices, page-768

We started well on monday but then the China market opened. Ganfeng fell 9.8% and stayed down all day. Tianqi was down ~8% all day. CATL were slightly green, likely due to their Moly Cobalt deal.

China opened today red again and Oz Lithium fell. The BEOT appear to see us as inextricably linked to China.

China stocks just bounced back green and now we turn up.

Ganfeng are now down over 40% from their ATH. Still, they're only back to around their share price at 31Dec20. Oz Lithium has held up well in comparison. PLS is still up over 20% since the start of the year.


Lithium chemical prices are generally up but the export price from South America lags the China domestic price considerably. Reprocessing?

Morgan Stanley got praise in some quarters for tipping the oversupply of Lithium chemicals in 2018/19 but their forecasting is looking rather ordinary now:




The oversupply was more to do with Oz Spodumene suppliers moving quickly and assuredly. The market now knows we can supply ... but at the right price.


Our strong share price YTD is all about rising Spodumene prices and sector outlook. I'm looking forward to expansion announcements, as inevitable. BMI now advise 200 Gigafactories that will require 3.4 TwH when processing at full capacity. That's todays Lithium chemical supply X10. A lot of that additional supply must come from WA's Pilbara region.





Downstream investment? Good to read Nightflyer's recent post on PLS Spod shipments to POSCO.

We forget how far ahead informed we are, compared to the world marketplace. We're at a healthy MC of A$3.4b, however we have considerable scope for expansion and downstream investment to come.