The World's Largest Lithium Mine Changes Pricing Model

IGO announced on the morning of January 29th that the long-term off-take pricing model for Greenbushes, the world's largest lithium mine jointly owned by Tianqi and Albemarle, has been changed.

The settlement will now be based on the average price of lithium salt in the previous month of delivery (M-1), whereas the previous settlement method was based on the average price of lithium salt in the previous quarter (Q-1).

The announcement stated that due to lower-than-expected delivery volumes by Tianqi and Albemarle in the first half of this year, the mine production will be slightly reduced during this period.

For more details, please contact: cathycai@smm.cn