Nemaska Lithium Inc NMKEF

RE:RE:North American Lithium in trouble

[mick1888]

Rocko / Nick - 'Lies, damned Lies, and Statistics' - Please note the following review by Fastmarkets MB on the Global Spodumene pricing for May 2019; Lithium spodumene, global contract prices decline Lithium spodumene prices have fallen by 2.3% in Asia over the past month, reacting to declines in lithium carbonate and hydroxide prices in China, against which the lithium spodumene price is calculated. Fastmarkets' monthly assessment of the contract price for spodumene (minimum 5-6% Li2O) was at $600-670 per tonne cif China on Wednesday May 29, down from $600-700 per tonne on April 24. The increased availability of cheaper-priced battery-grade lithium compounds in the market, deceleration in consumption and slow adoption of state-of-the-art nickel-rich cathodes are at the core of the currently low lithium carbonate and hydroxide prices in China, the worlds single-largest consumer of lithium spodumene.

Rocko58 wrote:  Nickto ; thanks for sharing the articles on NAL. Real eye openers. I wasn't aware that pricing had slipped that much. explains why extra financing is taking so long. There's not much incentive for IQ to kick in more to a similar operation that's burning them now, is there. GB's plan to slow down the spend this year makes good sense to me now.  Lets hope (and pray) that the global recession holds off and lithium use and pricing pichs up by next year.