Sale at $600 per ton for spodumene.
At the low end of potential margin of $300 per ton for spodumene after average cost price of $297 from latest company power point presentation 24/1/19 exporting 2 million tons = 600 million.
Exporting 500,000 tons of lithium hydroxide at 100,000 Yuan or close to US $15000
100,000 Chinese Yuan equals
14,949.02 United States Dollar
25 Feb, 11:04 pm UTC ·
Transporting 500,000 TONS of lithium hydroxide has far greater margins at a 5 year tax free concession, and covers the transport costs.
IMO whoever invests in hydroxide production in the DRC will control the market.
Huayou with LG CHEM are to become major players in the cathode production.
Lithium hydroxide works better with cathodes containing higher levels of nickel, helping cars go further on a single charge. Global demand for lithium overall is expected to almost triple by 2025, according to Bloomberg NEF, as carmakers such as Tesla Inc. look to boost sales of battered-powered vehicles.
ALL IMO
AVZ Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held
