Lithium price 510,500 Yuan - New China Record "Spot" PriceWith Australia's Western Areas Lithium holding back Lithium Spodumene & EV sales soaring in China, hence suddenly China could find itself "without" feedstock for its Lithium processors/converters.
Can envision China tapping into Canadian Lithium shortly in a very big way.
These companies (CRE & FL) at these basement share prices will swiftly be acquired as China is on the scramble to get Lithium of any form. China is nimble, they do know how to process Lithium and will even take "high purity" Spod Lithium from Canada.
Keep in mind the US dollar has strengthened in relation to the Yuan, hence the higher Lithium price & relatively significant rise in Yuan, nonetheless, I do believe the "net" increase this week is about $US1000 per metric tonne, "spot" Lithium Carbonate now about $US72,000 per metric tonne. Last week around $71,000. $1000 US in a week is a sizeable price move.
The question is, at what price can Lithium price max out......will $US 100,000 per metric tonne start to get the battery plants thinking about using other combinations with Lithium, i.e. Lithium & more Niobium for "Rapid" & "Safe" charging and "Long Life" charging cycles (upwards to 15 or 20 years battery pack life expectancy).