GREY:MGXMF - Post by User
Post by
reeJoeyon Jan 18, 2018 9:47pm
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Post# 27390605
64% increase in price of lithium
64% increase in price of lithium From an article in Tuesday's Seeking Alpha. Now that is a hefty increase in the price of lithium!
Lithium prices continue to rise
With the uptake for lithium-based applications rapidly increasing, the demand for lithium carbonate has also risen. As lithium carbonate prices rise to all-time highs both inside and outside of China, investors have moved to support exploration activities in key geographical regions such as Argentina and Australia. This also dramatically increased visibility within the lithium investment community, which then assisted in lifting the valuations of existing producers and junior exploration companies. As the share prices rose throughout 2017, lithium carbonate chemical pricing followed the trend, ending the year around $11,000 T LCE. Based on information supplied by SQM(NYSE:SQM) and Orocobre in late Q4 2017, pricing for the first half of 2018 is pegged at around $13,500, representing a 20% price increase for the white metal. It is also important to note that prices inside China reached around $18,000 T LCE in October 2017 and it is expected that prices outside of China will continue to climb to reach the same range as Chinese domestic pricing.