PLS 1.23% $3.22 pilbara minerals limited

Good News & Bad News, page-35552

  1. 201 Posts.
    lightbulb Created with Sketch. 31
    The following is the conclusion from an American article contemplating storing spodumene and controlling the price similar to what OPEC does with oil.Like a couple of recent posters here, I was under the impression that spodumene degraded after a few months and could not be stored long term. Perhaps it can under certain conditions that the article proposes to deal with in a further article. Make of it what you will, but that is all in the future and not here and now.
    https://www.employamerica.org/researchreports/contingent-supply-why-spodumene-reserves-may-be-the-key/
    Conclusion: Focusing a lithium reserve strategy on spodumene would make a lot of sense for a US-led critical minerals club. Spodumene is plentiful in the United States (in North Carolina) and among major U.S. allies including Australia, Canada, and Brazil. It can be stored safely and economically compared to other lithium chemicals, and its short-cycle production makes it easier to dial up and down based on the markets. Our next piece will focus on the logistics and decision choices that would entail building the storage facilities themselves.
    Cantankerous James
 
watchlist Created with Sketch. Add PLS (ASX) to my watchlist
(20min delay)
Last
$3.22
Change
-0.040(1.23%)
Mkt cap ! $9.691B
Open High Low Value Volume
$3.24 $3.25 $3.19 $57.57M 17.90M

Buyers (Bids)

No. Vol. Price($)
11 120600 $3.22
 

Sellers (Offers)

Price($) Vol. No.
$3.23 135477 7
View Market Depth
Last trade - 16.10pm 19/06/2024 (20 minute delay) ?
PLS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.