SMM

Australian mining company Core Lithium has initiated a strategic review in response to the significant downturn in lithium market conditions.
However, SMM believes that the production of lithium mines in Australia will remain stable overall in the short term as production cutbacks would hurt cash flows and potentially risk share prices. Since holding onto cargoes would incur warehousing costs, mines are still willing to sell.
SMM survey shows that prices of Australian spodumene (SC6) shipped in December are already close to $1,000/mt. The ongoing price downturn is set to persist.