Time for lithium developers to adopt better cost reporting convention
Another batch of lithium developers published feasibility studies on their projects this month, but most reported operating costs on mine gate or cash cost basis, excluding royalties, sustaining, inland transportation and freight costs. We conducted an analysis and found that, on average, lithium developers are understating costs by 60% by not reporting All-In Sustaining Costs. This significantly skews the investment decision on any project. It's time to establish a proper reporting convention for reporting lithium operating costs.