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ALTAF - Lithium Miners News For The Month Of November 2018
Altura Mining Ltd Ord
Welcome to the November 2018 edition of the lithium miner news. This past month saw China lithium spot prices rise slightly after falling for most of the past year. Given they are now below global prices and demand continues to surprise to the upside prices, we should now start to rally back towards global contract prices ~14-17,0000/t LCE (hydroxide being higher than carbonate).
The big news for the month was Albemarle (ALB) freezing Chile expansion plans, and paying US$1.15bn for 50% of the Wodinga lithium spodumene mine owned by Mineral Resources.