Spodumene ramp ups through the third quarter of 2019 see ramp ups stall. Here we analyse the latest developments.
Further spodumene price decreases through Q3 2019 led to a number of new suppliers revising their ramp up schedules, with Alita Resources forced to appoint administrators after the company’s offtakers pushed for reduced pricing.
Prices across the industry came under considerable pressures during the quarter, with Benchmark Minerals’ Spodumene 6% (FOB Australia) price falling to new lows of between $560-$525/tonne with the slow consumption of new material and a slump in downstream lithium chemical prices.
These low costs . . .