RE: OMG. Price of Spodumene rocketed up $900 in one week19 Feb 2022 11:26
I remember thinking $2500 was an ambitious target not so long ago. Price has accelerated much faster than I thought.
I keep thinking the same thing now. If the Chinese are involved with zulu in the future then more than one mine will be built.
So where prem target is 300kt it would exceed this.
Reason being firstly the scale of which the Chinese do business and their financial resources. Secondly there is a probably be a race to get supply out there before the price does settle (maybe $3,500 to $4,000)