September has certainly not been kind to Core Lithium Ltd (ASX: CXO) shares.
Since the start of the month, the lithium miner's shares have lost a further 15% of their value.
This means that they are now down almost 70% since this time last year.
In light of this, investors may be wondering if there's anything coming up in October that could get the lithium share heading in the right direction again. Let's find out.
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What's coming up for Core Lithium shares in October?
There are a couple of things that could have a say in how the Core Lithium share price performs in October.
The first is of course the lithium price. As a pure-play lithium miner, the price of the battery-making ingredient will dictate how profitable its operations are.
Unfortunately, prices have been falling like rocks off a cliff, which has been weighing heavily on its share price. Investors may want to keep a close eye on prices next month to see if they have finally found a bottom.
In addition, next month Core Lithium will be releasing its quarterly activities report.
This will provide investors with an update on its production and costs. As a reminder, Core Lithium is guiding to spodumene production of 80,000 to 90,000 tonnes in FY 2024 with an average C1 cost of $1,165 to $1,250 per tonne.
The former means that production of 20,000 to 22,500 tonnes of spodumene will be expected to be on track to achieve its guidance for the year. This will be up from 14,685 tonnes during the fourth quarter of FY 2023.
All in all, a reasonably eventful month awaits Core Lithium shareholders in October. Fingers crossed it will be a positive one for its shares.
