12% under water, stop showing off, thats a great result in current environment. I understand your rational re market bleed, and yes, any decent annoucement would be far better recieved under less volatile conditions. If PLS has further to fall, lets get it over and done with quick, as opposed to slow grind down.
From a sentiment perspective, have you seen Livent's (LTHM) 2nd Qtr results, not to bad. They stated;
- Stronger that expected demand funnymentals
- Increased direction from OEM's and battery/cathode producers (my take - quality needs to improve for next generations batts, high Nickel cathodes)
- Lithium specifications and qualification more stringent (my take - complying with new subsidy regime and probably EU OEM's, which would be messing with the converters, hense delay with expansions).
- Mixed inventory and supply situation
- Industry reassessing capacity expansion plans.
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50 | 157222 | 3.050 |
9 | 32502 | 3.040 |
15 | 74596 | 3.030 |
14 | 32496 | 3.020 |
Price($) | Vol. | No. |
---|---|---|
3.090 | 400231 | 3 |
3.110 | 17026 | 2 |
3.120 | 19982 | 6 |
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