RE:RE:RE:This getting old but fun lithium prices up ππ₯ππ₯ And what is the contract priof spodumene? That's what this company will be producing (hopefully) and until Phase 2 study is completed the posting about carbonate price is irrelevant.
They have to sell the spodumene to chemical/converter companies that in turn will benefit from the carbonate prices.
"Existing term contracts for spodumene with Chinese lithium converters were understood to be around the range of $1,000-$1,200/mt with market sources expecting the spot tender price to significantly influence upcoming new term contract negotiations."
Phase 1 FS is based on spodumene prices of $1,500/t so long term spodumene prices are just catching up on the lithium frenzy! They need to stay that way at least another 6 months in order for the spodumene prices to go even higher so Rose can benefit from that..