BUY EVERYTHING!!!!
Well Done to Diamond Hand and new folks
Buy Now or Regret Later (NFA!!!)
https://www.copyright link/street-talk/buy-everything-jpmorgan-bullish-on-lithium-miners-20210810-p58heuBuy everything! JPMorgan bullish on lithium miners
JPMorgan’s metals and mining team have re-thought supply and demand for lithium and come to one conclusion: buy all the lithium miners.
The analysts put “overweight” ratings on all five ASX-listed lithium names under their coverage including IGO Ltd, Orocobre and its merger partner Galaxy Resources, Mineral Resources and Pilbara Minerals.
“The lithium commodity complex is one of the few remaining in our coverage where there is meaningful upside likely over the medium term, given the strong demand backdrop,” the analysts told clients.
JPMorgan reckons there will be 19 per cent a year increase in demand for lithium over the coming 10 years, on a compound annual growth rate basis, based on demand for electric vehicles and batteries.
That means supply will struggle to keep up, and the analysts said they would see a deficit beyond 2030.
“This means unknown, and lower economic returning projects will be required to fill the supply-demand gap,” the analysts said.
JPMorgan raised its long-term lithium spodumene price by 31 per cent to $850 a tonne.
- Forums
- ASX - By Stock
- PLS
- Good News & Bad News
Good News & Bad News, page-2977
-
- There are more pages in this discussion • 43,669 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PLS (ASX) to my watchlist
(20min delay)
|
|||||
Last
$3.16 |
Change
0.170(5.69%) |
Mkt cap ! $9.515B |
Open | High | Low | Value | Volume |
$3.10 | $3.20 | $3.05 | $117.6M | 37.50M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 72180 | $3.15 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.17 | 222212 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 3070 | 3.150 |
4 | 33469 | 3.140 |
6 | 32664 | 3.130 |
4 | 151078 | 3.120 |
2 | 12503 | 3.110 |
Price($) | Vol. | No. |
---|---|---|
3.170 | 41012 | 4 |
3.180 | 115512 | 10 |
3.190 | 59750 | 18 |
3.200 | 171979 | 56 |
3.210 | 166631 | 11 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
Featured News
PLS (ASX) Chart |