Post by
Dibah420 on Jan 10, 2024 8:13am
Li Price/ton in CNY
Nov 2020 46,000 CNY
Nov 07 2022 600,000 CNY (peak)
Jan 2024 95,500 CNY
Latent value in Alberta brine is not unrelated to commodity.
There are some projections of tightening supply by 2028.
Cheers
Comment by
UNKLAL on Jan 10, 2024 8:49am
N ETL's PFS will be based on $14,000 US per ton!!! The market really doesn't understand how valuable this companies resources in the ground are worth. UNKLAL
Comment by
Greatvac1 on Jan 10, 2024 9:18am
I think that should be company's resources.
Comment by
Loughatorick on Jan 10, 2024 10:14am
Several news releases announcing economic assessments and financial studies have recently been issued by North American lithium miners. Volt Lithium used $ 25,000/tonne, LithiumBank used $ 26,000/tonne and Standard used $30,000/tonne, all in USD for battery grade products.
Comment by
TheWokeLemming on Jan 10, 2024 10:44am
I have no doubts that we are near the bottom for lithium pricing. With miners shutting in some operations, supply is going to lessen. This is a commodity play the same as copper/oil etc.
Comment by
PuerSimia on Jan 10, 2024 1:02pm
E3 is looking pretty good, even at these prices. At an exchange ratio of 7:1 CNY to the U.S. dollar, the $95,500 CNY is equivalent to $13,600 U.S.. Pretty much what E3 used, $14,079 U.S., in their PEA. Also very do-able with an expectation of $3,656 per tonne OpEx. Kudos to the team for estimating a reasonable number of $14,079 U.S. per tonne of LHM.