Lithium is abundant and that is a good thing. Do you really think oil would have been powering the world for over 100 years if it was scarce? PLS can be a low cost producer over a very long period of time. The Li price will go up and down. High cost producers will enter and leave the market in response to demand and pricing. The Li supply chain will mature over the coming years and the pricing cycles will be more aligned with cost curve of production and immediate demand. Just like all other commodities. PLS has the potential to weather most storms just like BHP RIO with iron ore. If the ramp up goes to plan and grades/recoveries hit their targets all should be fine regardless of the short/medium term pricing fluctuations.
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Last
$3.05 |
Change
-0.100(3.17%) |
Mkt cap ! $9.185B | |||
| Open | High | Low | Value | Volume |
| $3.13 | $3.15 | $3.02 | $74.55M | 24.33M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 89482 | $3.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.05 | 37502 | 3 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |