Agreed comparing the two shows a lack of basic understanding of what ORE is even producing.
ALB are producing only high grade chemical grade lithium, ORE half their production is a product below chemical grade and due to the influx of spodumene which is a competing product for hydroxide conversion, those lower grade products value has fallen heavily which has dragged ORE overall price down considerably.
Chemical grade carbonate price SQM/ALB are getting are still strong up to $14kt from japanese and korean buyers.
If ORE were producing the same product ALB are from Salar de Atacama, then their overall pricing would be also be higher, but they aren't so no point comparing apples and bananas.
ORE Price at posting:
$3.22 Sentiment: None Disclosure: Not Held