IRI faces fierce competition even if it does establish a commercial resource on its tiny 15 acre tenement. The spot price of lithium carbonate, dropped by half during the first g months of 2023. Supply will grow by a massive 45% this year, amounting to an excess of 1,380 GWh. Demand will also increase but oversupply will persist until at least 2025 and perhaps a lot longer. Raw material prices have been slashed and the price of EV batteries is falling. This will curtail investment in new projects, finance will be much harder to get and the lag time to production will soar and drive share price volatility. IRI is very high risk and its chart is one of the most negative on the entire ASX.
Ann: Lithium Results Continue to Grow the Beecher Discovery, page-75
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Last
26.8¢ |
Change
-0.003(0.93%) |
Mkt cap ! $36.12M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.5¢ | 26.8¢ | $7.991K | 29.56K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 10740 | 1 |
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| Last trade - 13.16pm 05/07/2024 (20 minute delay) ? |
| IR1 (ASX) Chart |