The reason 'Lithium' price dropped last time was that the supply outpaced the demand i.e the BEV market was small and not growing fast enough. Now it has real momentum and demand is much greater than supply (and will be for a few years).
There won't be a significant pullback in the Lithium market for years.
MIN are in a good position to take advantage of that.
Down by 5% today? Why?, page-40
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Last
$44.93 |
Change
-1.400(3.02%) |
Mkt cap ! $8.829B | |||
| Open | High | Low | Value | Volume |
| $46.25 | $46.26 | $44.28 | $89.81M | 1.969M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 211 | $44.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $44.94 | 2456 | 1 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| MIN (ASX) Chart |