RE:RE:RE:Twitter chat CRE Wheeler,
My reference is related to an article I read 2021 or early 2022 about SC contract price. Mind this was around the time when the price started to trend high. CRE will not be selling on the Spot Market in China!
Can't recall which company it was but no one has contract prices at US$4,000, period! Allkem was selling small quantities on the spot market like 50,000 tonnes (March quarter 2022 for US$2,218 for SC6%). That’s nothing compared to their total output for example.
Also, in the latest interview with Eric Z, he clearly said they will not be affected by the spot prices.
What will affect CRE is the news that Ottawa will match the US in providing incentives for the battery industry for up to C$13B!! That’s how they secured VW to build the battery plant. Now these battery factories will need to source spodumene from North America and this little GEM is one of the few permitted juniors, ready to move to construction.
I say that news is the driver for our rally last 2 days, not the Spodumene spot price in China that stopped to slide down!