Li prices is driven by the demand for Li used productions like cars and batteries.
That is drive by rates - higher rates for longer will dampen demand for cars and batteries and therefore Li price drop
Market needs to go into recession and when it start to come out of the recession - you will see demand for Li improve.
Also, most car and ev factories in the US are planned to be in production by 2025-2027.
Also, when jhina property debt crisis can be resolved - i think it will be a long time into 2025.
Just how low pls will drop is anybody guess - worst case $3 or lower.
Good News & Bad News, page-34251
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Last
$2.98 |
Change
-0.030(1.00%) |
Mkt cap ! $8.974B | |||
| Open | High | Low | Value | Volume |
| $3.00 | $3.11 | $2.97 | $82.16M | 27.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 65571 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 7500 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |