Lithium Specifications (spodumene)
Chemical Composition (on dry basis) Li2O : 6 %, Below 3% Rejected
Al2O3 : 20% to 40% Typical
SiO2 : 50% to 68% Typical
Size : 0 mm to 100mm 95%, 101mm to 120mm 5% max Moisture : 8% max
TERMS AND CONDITIONS
PRODUCTS TYPE: LITHIUM ORE SPODUMENE
ORIGIN: Nigeria
PACKING: 25kg per PP Woven Sack or Bulk in 20 ft Container
LOADING PORT: Nigeria Ports (Lagos or Port Harcourt Ports)
DISCHARGING PORT: Main Ports of ASWP
INSPECTION: Sampling taken CCIC or any International Inspection Lab during loading to containers and Chemical Analysis Report (Original or Photocopy acceptable) issued by.
PAYMENT: 100% Non-Transferable LC at sight, Irrevocable issued by PRIME BANK. 100% at sight. 98% according to Loading port and 2% according to Discharging Port quality and quantity analyses. (Mining Company uses offshore sister companies for financial operations. We have sister offshore companies in Singapore, Netherland, Switzerland and UAE.)
Partial Shipment, And Partial Payment Allowed.
PRICE : Discount 7% from SMM/Asia Platts (No VAT or Customs Tax. CFR Price) (Li2O%)=Li% X Discount 7 % X SMM/Asia Platts
For Example Li2O 6% , Discount with 7% , SMM Li 99.99% 69,800.64 USD Li2O 6% = Li 2.7784 %
0.02784 x 0.93 x 69,800.64 USD = 1807.22 USD per DRY METRIC TON,
SHIPMENT : First Shipment in April 2022 in 20 footer containers
TRIAL QUANTITY : 100 MT+/- 10%
MONTHLY QUANTITY: up to 2, 000 metric tons.
THE MINER ADDS ON THIS UPDATED PRESENTATION THESE COMMENTS:
WE AS THE MINERS changed pricing and discounting in this FCO. If you remember WE gave 15% from SMM before and this was not good for some clients or some of them couldnâ??t understand it, because there was 13% VAT at SMM lithium metal and now I did just for Lithium ore Spodumene, no VAT or Customs taxes. It is easy and pure price in blue above. You can see pure Lithium Ore spodumene prices
