The importance of the CATL announcement to me is as a capitulation on the profitability of lepidolite even for a large integrated player.
PLS can keep pumping out Li at high and improving efficiency at the current basement prices and maintain their cash backing for a long time.
This capitulation of a major player in the market is a validation of PLS strategy. They are executing measured and disciplined production with multiple levers for increasing volume and efficiency. (LRS acquisition - Regional diversification and transport nationality, Mid-stream processing to increase product value and reduce waste and transport cost, also licencing option for other miners to use the technology, P1000 and P2000 expansion plans and so on.)
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$2.89 |
Change
0.010(0.35%) |
Mkt cap ! $8.627B |
Open | High | Low | Value | Volume |
$2.91 | $2.94 | $2.83 | $46.97M | 16.34M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
32 | 102075 | $2.88 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.89 | 125905 | 54 |
View Market Depth
No. | Vol. | Price($) |
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7 | 24543 | 2.880 |
35 | 309832 | 2.870 |
32 | 325409 | 2.860 |
36 | 275903 | 2.850 |
24 | 395332 | 2.840 |
Price($) | Vol. | No. |
---|---|---|
2.890 | 100703 | 41 |
2.900 | 268727 | 28 |
2.910 | 104593 | 17 |
2.920 | 228285 | 22 |
2.930 | 340254 | 31 |
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