Quality buy if it hit 9 Be surprised to see the SPP 4M at 11c...

Quality buy if it hit 9

Be surprised to see the SPP 4M at 11c gets over the line.

Still believe its at base camp around here

One of Australia’s biggest lithium producers says a Chinese battery giant’s $7 billion Hong Kong’s debut underscores long-term faith in the sector despite prices for the metal crashing to a four-year low.

PLS, formerly known as Pilbara Minerals, owns and operates the Pilgangoora lithium mine in Western Australia. It spent $500 million earlier this year to take over Latin Resources and its flagship lithium project Salinas in Brazil.

t appeared lithium spodumene prices had found a floor about $US800 a tonne this year, offering a brief respite after a punishing 90 per cent plunge from their 2022 peak above $US8000. But that fragile stability has cracked. Prices fell to $US625 a tonne on Tuesday, the lowest level since February 2021, according to S&P Global Platts.

Must be some producers hurting out there at around US $600.

JP has the 13m raised at 11c. See how far that goes?

IMO