At a guess we will be receiving $A1200t from PLL shipments and somewhere betwesn $A12-1300t for our unallocated spot sales this quarter, I would like to think $A1200t average would be on the low side. As for costs $A1300t or less is likely IMO so breakeven is getting close .
Carbonate is now reaching new lows in this cycle while Spodumene is still around 18% above them. There was a lag beween Carbonate and Spodumene prices on the way up and one assumes there will be a lag on the way down with Carbonate being the lead indicator , so expect lower Spod prices unfortunately.
The bottom line is the quicker we can get costs down around the target of $A1000t the better. Its tough out there and anyone supprised at where our MC/shareprice sits hasn't been paying attention IMO.
Cheers Whisky
Spot Prices, page-811
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