Major lithium miners push for a more reliable spot price
Elouise FowlerReporterMay 23, 2024 – 1.43pmListen to this article3 minAustralia’s leading lithium miners want to establish a “coalition of the willing” to set up a trading exchange in a bid to stop price volatility and make the commodity more attractive to commercial bank financing.
Huge demand from batteries and electric vehicles has turbocharged the nascent industry in Australia, but the structure of the market – where many investors feed mine output to their refineries – means very little lithium is traded on the spot market.
That means prices for lithium spodumene concentrate, the ore Australia mines and largely sends to China for processing, violently swings around based on single trades and minimal price disclosure in the market.
the AFR
ASCENDANT: The Kathleen Valley Story Part 1, page-113
Add LTR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
77.0¢ |
Change
-0.035(4.35%) |
Mkt cap ! $1.867B | |||
| Open | High | Low | Value | Volume |
| 80.5¢ | 80.5¢ | 75.5¢ | $10.59M | 13.72M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 48744 | 77.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 77.5¢ | 154943 | 5 |
View Market Depth
| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| LTR (ASX) Chart |