FMG 1.02% $18.44 fortescue ltd

No lithium isn't due to China subsidizing lithium to control the...

  1. 3,754 Posts.
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    No lithium isn't due to China subsidizing lithium to control the EV market.
    PLS will end up going below $2 a share.

    Their cost price is $850US/T and its at $772US/T for spot but as PLS ore is lesser grade its
    selling price is about $500US/T so they'll be losing money now.

    All the lithium stocks down by 50% to 90% and many already stopped production.


 
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