Since you changed your sentiment from "Sell" to "Buy", LTR share price fell from $1.68 to $1.50... You'd better off changing back to "Sell" and waiting for your $1 call.
ESG,is a good selling point, but you have to be economically viable first. VUL was advertising for negative carbon footprint, but share price fell from the peak of $16.6 to current $2.6, without economic viability, all of other points are just on paper.
China imported over 200 millions iron ore from Brazil, which was travelling much far away than LTR intended to USA, Brazil to China, around 25,000kms, 35-40 days on the sea, the important part, is coming to shipping cost, which is only around US$20-30 per ton.
Anyway, mining is about to make profit.
China lepidolite probably is the worst carbon footprint as generating millions of tons of wastes, and at higher cost. Majority of China lithium production is from lepidolite mines.
All imo.
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Last
78.5¢ |
Change
-0.035(4.27%) |
Mkt cap ! $1.903B | |||
| Open | High | Low | Value | Volume |
| 82.5¢ | 83.0¢ | 78.0¢ | $5.594M | 6.969M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 364538 | 78.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.0¢ | 13253 | 1 |
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| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| LTR (ASX) Chart |