Lithium stocks and the great “realised price” conundrum: which is best-placed?
We’ve talked several times in these pages about the similarities between what’s happening with pricing in the lithium market now and what happened in the iron ore market in the mid-2000s. As the iron ore market took off, we had a substantial change in selling/buying behaviour, from annual price contracts running on a Japanese financial year basis (1 April-31 March) to quarterly price contracts. But some producers adapted to the change faster than others. As we’ve noted on a number of occasions, that’s very similar to what we’re seeing now in the lithium market. But the extent to which we...