Hmm I don't see where there is high quality lithium, safe jurisdiction as your would find in Australia ?
Lead time for a mine to come online is min 4-5 years. I'm holding a shed load of LTR and they aren't going to be in production until 2024.
I don't see supply meeting demand and this will become evident in December when the shortfall begins.
So prices are going to surge and the only way battery and car companies are going to be able to manage this is scrambling to lock in off takes. Luckily miners here saw what happened in the last cycle and realise they need to process the product in country again significantly higher profits.
Yes I bought in at .20 but I'm waiting until 2027 until I sell !!!
Hmm I don't see where there is high quality lithium, safe...
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Last
$3.16 |
Change
-0.030(0.94%) |
Mkt cap ! $9.516B | |||
| Open | High | Low | Value | Volume |
| $3.17 | $3.19 | $3.06 | $50.14M | 15.97M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 49357 | $3.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.17 | 74794 | 5 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |