“AZL put out their data with a modest lithium price of $21k, I think that’s a very realistic target”
Then go buy as much as you can today for $12K. Don’t get your hands dirty with all that oily brine.
“A lot of the spodumene producers are halting production or will stop as there’s no point producing just to break even.”
The Chinese have many reasons to keep producing just to break even, or at a loss. It's global politics, not capitalist economics.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-12
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Last
2.0¢ |
Change
-0.002(9.09%) |
Mkt cap ! $89.47M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.1¢ | 1.9¢ | $63.75K | 3.165M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 291133 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 2171592 | 7 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| AZL (ASX) Chart |