EV demand in the US expected to pick up.
Tax rebates of $US 7500 for new EVs and up to $US 4000 for used EVs.
On top of this, some States are offering incentives.
Pretty good deal considering high Lithium use pick-ups sell new for an average price of $US43 to $45k.
The larger pick ups use significantly more Lithium per battery than smaller cars and are huge sellers in the US.
CXO has around $200m cash plus 6 months' worth of already paid for rock on the ROM waiting to be processed and turned into cash.
Winding back early is a smart move by CXO
Ann: Strategic Review Update, page-359
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Last
14.5¢ |
Change
-0.005(3.33%) |
Mkt cap ! $309.8M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.5¢ | 14.5¢ | $1.650M | 11.10M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 1672800 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 1047917 | 22 |
View Market Depth
| Last trade - 16.10pm 13/05/2024 (20 minute delay) ? |
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Last
14.8¢ |
Change
-0.005 ( 3.15 %) |
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| Open | High | Low | Volume | ||
| 15.0¢ | 15.5¢ | 14.5¢ | 5193082 | ||
| Last updated 15.59pm 13/05/2024 ? | |||||
| CXO (ASX) Chart |