Australian SpodCon shipments down again
Australian spodumene concentrate exports once again failed to kick on in October, falling 35% m/m to 189Kt. It has been a recurring theme so far this year that SpodCon exports have not managed to break materially upwards. What did manage to break material upwards however, was the realised export price which ticked up to US$6152/t for material bound for China which, when corrected for insurance, freight, demurrage charges and grade, is likely close to US$7000/t. A number of recent notes from bulge bracket banks have questioned the ability of SpodCon prices to break out, but this data suggests that it...
Topics
Australia
China
Lithium
Prices
Spodumene
