Regal, like many posters you still seem to be in denial about the fall in Lithium prices. You say the price fall for carbonate "in China is for technical and not battery grade.' . If you look at any of the info from industry experts such as Benchmark, Roskill, Fastmarkets etc you will see that all (non contract) Lithium prices have fallen. A graph from Benchmark to Nov 2018 is shown below. And you're going to be very disappointed if you think this will not flow thru to spodumene prices. GXY sold at above US$900 throughout 2018 but have themselves warned of "notably lower prices 2019.' (Source: GXY's last quarterly conference call.) PLS sold for US$740 last quarter and many are expecting SC6 prices in the US$600's this year. (one source: last Joe Lowry/Chris Berry podcast).
A couple of other things. I'm not sure why you think GXY customers only make hydroxide, not carbonate. Can you tell me where this comes from? And you say that "GXY's recovery is the highest and purest out of the OZ miners". WTF. We produced 5.76% spodumene last year with recoveries of around 50%. Hence the need for the Yield Optimization Project, the results of which are not yet known.
I hold GXY and am bullish on Li prices for the long term so I'm all for talking things up. But with facts please, not BS.
GXY Price at posting:
$2.17 Sentiment: None Disclosure: Held
