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While you're sipping on your Flat White, did you see where,
The Charlotte, North Carolina-based miner now expects sales from $5.8 billion to $6.2 billion this year, up from its previous estimate of $5.2 billion to $5.6 billion to boosted profit forecasts for the year due to “additional index-referenced, variable-price contracts for battery grade lithium sales,” it said in a statement.
Demand for electric vehicles — and the batteries that power them — has driven prices for key metals higher, even sparking fears of shortages of materials like lithium, cobalt and nickel.
Lithium supplies are a concern in particular because there’s no substitute for it in electric vehicle batteries.
A gauge of lithium prices more than doubled in the first four months of this year after surging 280% last year.
The company last increased its guidance on May 4 when it released first-quarter earnings.
Overall, the midpoint of Albemarle’s 2022 sales estimate is 38% higher than just a few weeks ago.
Did you see the latest PLS Auction Results
The tonnage available to be auctioned on the BMX platform once Ngungaju is ramped up will be 180000 to 200000 tons per year.
It is due to be running at this rate mid 2022 .
So let's say at worst 150000t is available and is auctioned on the BMX during the financial year ending 30 June 2023.
If $US6000t is achieved and the $A remains at or around US70c the revenue in $A is huge.
Like 150000 x $US6000 @70c = $A1.29billion.
Throw in for good measure say 350000t from Pilgangoora sold via offtake agreements at a minimum of $US4500t and we have another $A2.5billion.
All up revenue for year to 30062023 $A3.8billion.
* C'mon DRC / AVZ - Let's get this Party Started before we miss the EV Boat, Bus, Train, Plane
It's Time for Take-off or is that Off-Take
As soon as we off-load some unwanted Passengers asap
Albemarle boosts outlook with battery demand surging
Albemarle Corp., the world’s largest producer of lithium, raised its outlook for the second time this month as tight supply and growing electric-vehicle demand forces battery makers to pay up for the metal.
The Charlotte, North Carolina-based miner now expects sales from $5.8 billion to $6.2 billion this year, up from its previous estimate of $5.2 billion to $5.6 billion to boosted profit forecasts for the year due to “additional index-referenced, variable-price contracts for battery grade lithium sales,” it said in a statement.
Demand for electric vehicles — and the batteries that power them — has driven prices for key metals higher, even sparking fears of shortages of materials like lithium, cobalt and nickel.
Lithium supplies are a concern in particular because there’s no substitute for it in electric vehicle batteries.
A gauge of lithium prices more than doubled in the first four months of this year after surging 280% last year.
The company last increased its guidance on May 4 when it released first-quarter earnings.
Overall, the midpoint of Albemarle’s 2022 sales estimate is 38% higher than just a few weeks ago.
Did you see the latest PLS Auction Results
The tonnage available to be auctioned on the BMX platform once Ngungaju is ramped up will be 180000 to 200000 tons per year.
It is due to be running at this rate mid 2022 .
So let's say at worst 150000t is available and is auctioned on the BMX during the financial year ending 30 June 2023.
If $US6000t is achieved and the $A remains at or around US70c the revenue in $A is huge.
Like 150000 x $US6000 @70c = $A1.29billion.
Throw in for good measure say 350000t from Pilgangoora sold via offtake agreements at a minimum of $US4500t and we have another $A2.5billion.
All up revenue for year to 30062023 $A3.8billion.
* C'mon DRC / AVZ - Let's get this Party Started before we miss the EV Boat, Bus, Train, Plane
It's Time for Take-off or is that Off-Take
As soon as we off-load some unwanted Passengers asap
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