But why should or would PLS reduce its income to benefit other Li producers?
Yes, I know, Joe Lowry claimed that CATL kept processing Lepidolite at a loss to keep the price of Li low. But that doesn't make sense to me, because CATL's sacrifice would only bring a great benefit to CATL's competitors. I am sure CATL is not stupid.
And surely PLS is not stupid either. I am sure they see there is no reason to reduce its income to benefit other Li producers.
Furthermore, PLS should never be seen as a company that try to manipulate the price of Li. It is best to maintain its reputation as an honest reliable supplier of spodumene. Then it will thrive.
PLS chart, page-22540
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Last
$2.99 |
Change
0.010(0.34%) |
Mkt cap ! $9.000B | |||
| Open | High | Low | Value | Volume |
| $2.93 | $3.01 | $2.89 | $104.7M | 35.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11874 | $2.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 65336 | 3 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |