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4.2¢ sayona mining limited

Spot Prices, page-676

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DifficultLife10

2,299 Posts.

522

27/03/24

10:28

Post #: 73077981
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Originally posted by SplitFusion: ↑

I was wondering the same. My guess is that it will be sooner and here is why. Albemarle has never sold spodumene, they integrate it into an LCE facility. In this case the facility that it is integrated into is not up to speed but the spodumene mine is producing at a rate faster than they can use. With Sayona they can store about 45,000 tones at port and between the train yard and at NAL they can store maybe 5000 or 6000 more tones. I am guessing ALB has run out of storage room and is faced with selling some off or cutting back production. So my guess would be more immediate sales, but I have not seen anything official.

If it is more immediate, then this would be really good news for the spod market.

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https://www.*********.com.au/2024/03/27/albermarles-first-auction-of-spodumene-establishes-new-price-level-of-1200-t/

SYA Price at posting: 3.9¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 4.2¢		Change -0.001(2.33%)		Mkt cap ! $432.3M

Open	High	Low	Value	Volume
4.2¢	4.3¢	4.1¢	$1.422M	33.87M

Buyers (Bids)

No.	Vol.	Price($)
4	446998	4.2¢

Sellers (Offers)

Price($)	Vol.	No.
4.3¢	5888258	20

View Market Depth

No.	Vol.	Price($)
2	385000	0.042
37	7658519	0.041
108	16470707	0.040
32	7650007	0.039
39	9922724	0.038

Price($)	Vol.	No.
0.043	5112596	16
0.044	3405784	15
0.045	5998641	13
0.046	2832343	15
0.047	2401247	18

Last trade - 16.10pm 24/05/2024 (20 minute delay)


Last 4.3¢			Change -0.001 ( 1.62 %)
Open	High		Low	Volume
4.2¢	4.3¢		4.1¢	22039027
Last updated 15.59pm 24/05/2024 ?

SYA (ASX) Chart