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Good morning

Been reported via New Corp media outlets:
Lithum stocks on the ASX may come under pressure on Friday after warnings by Finniss mine operator Core Lithium and a note about external challenges by analysts at Citi.

Core's internal review into costs has been sparked by the price of spodumene concentrate declining to more than 80 per cent year to date, including by more than 40 per cent since the end of October.
External pressures persist too, as highlighted in Citi's note.
According to China Customs, import volume for spodumene further slowed in November, it says, with total spodumene import at 378,500 tonnes, which is down 18 per cent month on month.
"Within that, Australia only accounted for 56 per cent of the total imported volume, as some of the Chinese smelters and Australian miners are still in the discussion process of price mechanism, which led to a delayed delivery, and increasing delivery from Africa (Zimbabwe, Rwanda and Nigeria)," the note states.

Have a happy and safe Christmas.

Kind regards
rcw1

<blockquote data-quote="rcw1" data-source="post: 1257067" data-attributes="member: 86427">Good morningBeen reported via New Corp media outlets:&nbsp; Lithum stocks on the ASX may come under pressure on Friday after warnings by Finniss mine operator Core Lithium and a note about external challenges by analysts at Citi.Core&#039;s internal review into costs has been sparked by the price of spodumene concentrate declining to more than 80 per cent year to date, including by more than 40 per cent since the end of October.External pressures persist too, as highlighted in Citi&#039;s note.According to China Customs, import volume for spodumene further slowed in November, it says, with total spodumene import at 378,500 tonnes, which is down 18 per cent month on month.&quot;Within that, Australia only accounted for 56 per cent of the total imported volume, as some of the Chinese smelters and Australian miners are still in the discussion process of price mechanism, which led to a delayed delivery, and increasing delivery from Africa (Zimbabwe, Rwanda and Nigeria),&quot; the note states.Have a happy and safe Christmas.Kind regardsrcw1</blockquote>

[QUOTE="rcw1, post: 1257067, member: 86427"] Good morning Been reported via New Corp media outlets: Lithum stocks on the ASX may come under pressure on Friday after warnings by Finniss mine operator Core Lithium and a note about external challenges by analysts at Citi. Core's internal review into costs has been sparked by the price of spodumene concentrate declining to more than 80 per cent year to date, including by more than 40 per cent since the end of October. External pressures persist too, as highlighted in Citi's note. According to China Customs, import volume for spodumene further slowed in November, it says, with total spodumene import at 378,500 tonnes, which is down 18 per cent month on month. "Within that, Australia only accounted for 56 per cent of the total imported volume, as some of the Chinese smelters and Australian miners are still in the discussion process of price mechanism, which led to a delayed delivery, and increasing delivery from Africa (Zimbabwe, Rwanda and Nigeria)," the note states. Have a happy and safe Christmas. Kind regards rcw1 [/QUOTE]

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