Article in The West Today:

Albemarle sells hard rock lithium for $US870 per tonne say sources, well above the prevailing spot price

For the second time within six months Albemarle has sold spodumene concentrate at auction for more than 10 per cent above the battery commodity’s prevailing spot price.

Sources aware of the auction result say 16,150 tonnes of Albemarle’s spodumene was sold in China. When adjusted to the industry benchmark grade of six per cent spodumene, the sale was equivalent to $US870 per tonne, excluding taxes.

This is well above the spot price of $US760/t listed on Fastmarkets and $US780/t on the Shanghai Metals Market.

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The sale at a sizeable premium to spot will again revive hopes for WA’s struggling lithium miners that a market rebound is around the corner.