Im invested in PLS but eyes wide open, commodities that are hot have a handy knack of becoming cheaper over time barring the odd spike.
The Chinese have some skills at hitting markets, especially using futures trading to crush buoyant prices. Just look at iron ore, China continues to consume & import unprecedented amounts bit the price is a fraction of it's highs & futures markets are used to help control & supress spot price.
Lithium could easily go the same way, it has much in common with IO in terms of fast growing demand, not a super rare metal and new suppliers trying to come online.
Going forward expecting Lithium to be "stronger for longer" might turn out the same way as iron ore did after Twiggy made this famous statement shortly before the IO decline set in.
Morgan Stanleys long awaited backflip, page-24
-
- There are more pages in this discussion • 25 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.67 |
Change
-0.010(0.37%) |
Mkt cap ! $8.040B | |||
| Open | High | Low | Value | Volume |
| $2.64 | $2.72 | $2.63 | $51.42M | 18.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 28879 | $2.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.68 | 287620 | 11 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |