Brines may have replaced it as the number one source of lithium metal, but spodumene continues to enjoy a high market demand from the mining, energy, and automotive industries. The price of spodumene conversion (the process of extracting lithium carbonate from the hard-rock mineral) is still higher than brine extraction, however, and merits close observation from downstream businesses and investors in spodumene mining companies.
Benchmark Minerals can provide intelligence on the industry, primarily spodumene concentrate prices. Our data will give you not just the real-time costs of lithium carbonate but also its market trends and projections.
As a source of lithium, spodumene falls at the start of the lithium-ion battery supply chain. It is the product of mining and mineral extraction, and the lithium carbonate extracted from spodumene is a key ingredient for making battery components.
Lithium carbonate extraction is a costly operation involving a series of metallurgical processes. However, as there are few other alternatives to extracting lithium, spodumene will continue to have a spot at the raw materials table.
With that in mind, organizations that have a stake in Li-ion battery and electric car manufacturing, mining, or sourcing of raw materials will have much to gain from an intelligence service that will keep them up-to-date on the latest lithium and spodumene prices.
Data and information are crucial in investment and manufacturing. If you can’t get the data yourself, you can trust Benchmark Minerals to get the latest data on spodumene prices and projections, among other things.
We provide intelligence to companies, investors, and suppliers in the electric vehicle and energy industries. Our teams are on the ground in Chile and China, two of the top five sources and producers of lithium carbonate in the world. We also have analysts to interpret data and market performances and make reliable projections about the industry.
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