It might have more to do with the USA and the EU (Wednesday) putting tariffs on Chinese EVs. US tariffs 100%! EU 20-35% depending on various factors I think. I don’t think people generally see a turn around in prices coming soon. I see LTM as well placed to weather the storm and fit to whatever EV production scenario occurs.
This is a bit of a throwaway anecdote I guess, but my parents and an aunt all drive an EV now. I can see this trend stopping. Just in a slow down phase that might last longer than wished for. LTM looks cheap to me when I look at the highs of its parts (GXY, ORE, LIVENT). Not advice.
General Discussion, page-1605
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Last
$4.93 |
Change
-0.250(4.83%) |
Mkt cap ! $1.866B | |||
| Open | High | Low | Value | Volume |
| $5.09 | $5.12 | $4.93 | $21.41M | 4.265M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 236290 | $4.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.94 | 1000 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LTM (ASX) Chart |