RE: AIM is PAIN2 Aug 2024 12:47
Repost
The 2025 Spodumene SC6 price is forecast to be about $1300.
Fast Markets Article
"In the long run, the average spodumene price forecast used for the feasibility study was $2,277 per tonne for 5.5% lithium oxide content.
“This long-term price forecast was obtained by Fastmarkets,” the feasibility study read. “The conservative spodumene concentrate selling price forecast in the early years of the Bandeira mine life of $1,000-$1,600 [per tonne] for the years 2026 to 2028 resulted in an increased payback period of the project… [at] 14 months.”
Below is a Fast Markets link
https://www.fastmarkets.com/insights/lithium-ionic-moves-forward-for-spodumene-mine-start-up-in-brazil/
No hard date was provided in the study, given that the company is still short of licensing, but Fastmarkets understands that Lithium Ionic’s intention is to start up in the second half of 2026, potentially in July.
By then, Fastmarkets’ research team projects that the price for spodumene will have stabilized by $1,100 per tonne, and will be getting poised to rise in the following years, according to the lithium long-term forecast, published on Thursday May 30.
The forecast shows that prices would then end the decade at $2,300 per tonne, on average, in 2030 – a level that could produce 80% margins for Bandeira, if costs remain at $444 per tonne.
In the long run, the average spodumene price forecast used for the feasibility study was $2,277 per tonne for 5.5% lithium oxide content.
“This long-term price forecast was obtained by Fastmarkets,” the feasibility study read. “The conservative spodumene concentrate selling price forecast in the early years of the Bandeira mine life of $1,000-$1,600 [per tonne] for the years 2026 to 2028 resulted in an increased payback period of the project… [at] 14 months.”