E3 Lithium Ltd V.ETL

The latest lithium price

[GreenArrowUp]

According to a note out of Goldman Sachs, there was a bit of movement in spot lithium prices in China last week.

At the end of last week, lithium carbonate was fetching a price of US$13,786 per tonne. This is down slightly from US$13,808 per tonne a week earlier.

And if you're wondering how this compares to recent times. The 2022 average lithium carbonate price was US$63,232 per tonne and the 2023 average was US$32,694 per tonne.

Moving on to lithium hydroxide. It is currently commanding US$9,616 per tonne. This is down a touch from US$9,656 per tonne the week before.

This compares to the 2022 average of US$59,190 per tonne and the 2023 average of US$32,452 per tonne.

Finally, the latest spodumene 6% price is US$1,210 per tonne, which is actually up week on week from US$1,120 per tonne.

But much like the other lithium types, this remains down materially from the 2022 average of US$4,368 per tonne and the 2023 average of US$3,712 per tonne.

[PuerSimia]

How do these current prices compare to what ETL used in the PEA? TIA.

[Loughatorick]

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

[PuerSimia]

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.

[Loughatorick]

The $ 20,000 to $ 25,000 USD is the estimated average future sales price of LHM per tonne over the next 20 years. Lets say E3 used $ 20,000 per tonne in their PFS. IF LHM were trading for $ 14,000 per tonne today, then the selling price in 20 years might be $ 26,000 per tonne.