It swung too far upward (due to Chinese demand)
And it swung too far low (due to Chinese supplies of lepodites).
That is nature of commodity markets.
It happened to Iron Ore. Its currently impacting Li.
Over time, markets will find an equilibrium.
Current Li price (under USD $1,000) is unstainable even for all Li players.
IMHO, USD $2,000 to USD $3,000 p/t will be a sustaining price.
It swung too far upward (due to Chinese demand)And it swung too...
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Last
9.3¢ |
Change
-0.003(3.13%) |
Mkt cap ! $198.7M | |||
| Open | High | Low | Value | Volume |
| 9.5¢ | 9.6¢ | 9.3¢ | $1.025M | 10.86M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 1281187 | 9.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.4¢ | 170937 | 4 |
View Market Depth
| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| CXO (ASX) Chart |