The key is long term economic viability here, currently China lithium spot price has a significant influence on selling price of ASX companies, as China has learnt lessons from paying high price for iron ore over US$120/t (despite big producers cost is around US$20/t).
Even at currently China spot price (after >80% drop), large spodumene producers are still able to make profit. That's big difference between LTR and SYR. Also, China has plenty of graphite, and able to produce at a cheap price (simply they do not rely on importing).
As long as long term outlook is promising, the stock price will recover, just like PLS dropped to 12.5c, FMG dropped to $1.34, but if economic viability failed, you don't have a chance to survive.
All imo.
- Forums
- ASX - By Stock
- LTR
- ASX Today
ASX Today, page-37691
-
- There are more pages in this discussion • 4,527 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LTR (ASX) to my watchlist
(20min delay)
|
|||||
Last
87.0¢ |
Change
-0.055(5.95%) |
Mkt cap ! $2.109B |
Open | High | Low | Value | Volume |
91.0¢ | 91.0¢ | 87.0¢ | $13.56M | 15.20M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 468436 | 87.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
87.5¢ | 39794 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 458436 | 0.870 |
11 | 184030 | 0.865 |
21 | 285593 | 0.860 |
8 | 73019 | 0.855 |
35 | 203287 | 0.850 |
Price($) | Vol. | No. |
---|---|---|
0.875 | 39794 | 1 |
0.880 | 122275 | 3 |
0.885 | 64497 | 2 |
0.890 | 15000 | 1 |
0.900 | 50525 | 3 |
Last trade - 16.10pm 05/08/2024 (20 minute delay) ? |
Featured News
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales
LTR (ASX) Chart |