RE:RE:RE:The latest lithium priceLoughatorick wrote: Per section 19.3 of the 2021 PEA....
The future average selling price of CAD 19,007/tonne lithium hydroxide monohydrate (LHM, USD 14,079/tonne LHM) is consistent with that used for publicly released economic assessments of other lithium projects in the previous 4 months. Future selling prices of -30%/+30% were modelled as part of a sensitivity analysis exercise included in Section 22 Economic Analysis of this Report
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Per my search, the Shaghai Exchange trades LHM 56.5 % grade today at $ 12,371.38/tonne USD (excluding VAT taxes).
https://www.metal.com/Lithium/201102250281
The selling price for 99.5 % battery grade LHM would be higher.
E3 has produced LHM to a higher graer grade than 99.5 %.
For a comparison, the price of 99.5 % lithium carbonate tax out is listed as $ 14,016.14/tonne USD.
https://www.metal.com/Chemical-Compound/201102250059
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So I continue to believe that the PEA revenue is accurate for current conditions.
Note that many other lithium producers are using $ 20.000 to $ 25,000/tonne USD in recent financial studies.
Exellent info, thanks.
I think the $20,000 to $25,000 / tonne USD being used in recent financial studies is the price under contracts, versus the current spot price, which is (obviously) lower at the moment.