About the best that any ASX Li investor can hope for is that the selling is being heavily influenced by June tax loss season and that from July, there is a very solid floor found.
For the record, SC6 prices according to SMM are basically holding mostly flat at $1,100/t, but I don't think there's many people game enough to say that it won't suffer a monumental fall from here (to bring it back in line with spot carb).
If the recent SMM article about the hydroxide market being oversupplied is true, it is pretty daunting to consider what will happen when KV starts shipments. Maybe there's more nuance to this in the offtake agreements (or the fact that most of the production is going to offtake partners and not the spot market) .... but still....
PLS chart, page-22059
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Last
$2.58 |
Change
0.000(0.00%) |
Mkt cap ! $7.769B | |||
| Open | High | Low | Value | Volume |
| $2.61 | $2.65 | $2.49 | $78.76M | 30.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 15582 | $2.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.58 | 36624 | 2 |
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| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |