“Industrial minerals pricing is opaque” is all one hears when they first enter into the different markets.
Deals are made on a bilateral basis, material is smuggled, people store piles and piles of raw materials in warehouses and governments work to try and consolidate industries “to support the market”.
But this week, everyone had an opinion on the market. And the very last thing several markets were was opaque.
Talison Lithum started the trend by becoming the second producer to up its prices, following the lead of Rockwood Lithium in May.
Talison said that...