I'm not short PLS. I'd happily admit if I'm long or short, as I have done so in the past. I'm waiting for a signal from the charts. I'm not going to go long or short just for the sake of it.
The price of any commodity is dictated by supply versus demand. Lithium is no exception. Whether $1k/t is sustainable in the future all depends on supply versus demand. If there's oversupply, the price will be such that it will go to a level that knocks out the oversupply and bring back equilibrium. The price of iron or is $100/t because that's the cost of the top end of production at which supply and demand are in equilibrium.
Good News & Bad News, page-36297
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Last
$3.02 |
Change
0.080(2.72%) |
Mkt cap ! $9.090B | |||
| Open | High | Low | Value | Volume |
| $3.01 | $3.04 | $2.96 | $59.25M | 19.70M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 40915 | $3.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.02 | 318781 | 14 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |