The producing side of the lithium sector is perched fairly precariously right now. If SC6 prices were to go back to $850/t (or thereabouts), then by my calcs the following companies would have at least one project in a world of pain or C&M or couldn't be developed (and this would be a positive thing for the sector because it would wipe out a decent amoutn of supply)
LTR, GL1, CXO, MIN, SYA (and therefore PLL also).
On the flip side, if prices just stay where they are now or even rise slightly to $1,200/t or $1,300/t then status quo will remain (LTR will probably just suffer through losses at shareholder expense, SYA will probably just keep being a basket case producing losses (and gifting PLL spod for free).
CXO and GL1 are the standouts because they have zero chance of making it to production without a very large rise in SC6 pricing (GL1 used a $2,500/t price in it's PEA).
The producing side of the lithium sector is perched fairly...
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Change
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Mkt cap ! $90.04M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.5¢ | 19.0¢ | $534.9K | 2.793M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 525942 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 77760 | 2 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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19.0¢ |
Change
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| Open | High | Low | Volume | ||
| 19.0¢ | 19.5¢ | 19.0¢ | 1073409 | ||
| Last updated 15.47pm 14/06/2024 ? | |||||
| GLN (ASX) Chart |