Let me then ask you this. If the EV industry is now worth billions and billions of dollars given the investments that have been made in the battery plants and by the car manufactures, how does this industry flourish and even continues if the raw material prices are so low, it cant be mined?
Answer; small mines have shut down, green fields have not been funded, existing larger mines try to fulfil demand and the shortage of supply make prices rise. They rise to such a level, that green fields get funding again and the cycle continues. So will PLS survive? Absolutely as it is one of the mines that is up and running, large enough with good quality and will be relied on globally. Now that can be under its current management or through a take over, but close down it will not. IMO
Ann: Trading Halt, page-227
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Last
$2.99 |
Change
0.010(0.34%) |
Mkt cap ! $9.000B | |||
| Open | High | Low | Value | Volume |
| $2.93 | $3.01 | $2.89 | $104.7M | 35.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11874 | $2.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 65336 | 3 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |