Roskill at it again, not differentiating spodumene from DSO. There was no oversupply of 6% spod in 2017. They seem only interested giving the institutions an excuse to short sell.
Only the 1.2% DSO is sitting there unprocessed.The ML rumours were that the ore was not suitable for some of Chinese processors.
From AFR article, spodumene should read Direct Shipment Ore.
"Mineral Resources started exporting spodumene from Port Hedland in April, and monthly exports had more than quadrupled by the time the company shipped 517,000 tonnes of the material in December."
"There is a hell of a lot of mined product floating around which is yet to have been converted into finished product, and the issue is going forward that is only going to increase because ... so an oversupply situation in 2017 is going to increase even further in 2018 and 2019," he said.
