Pricing is based on...
Formula-based mechanism referencing market prices for lithium hydroxide
Unfortunately Hydroxide is performing poorly....
Carbonate the chemical of choice.....
LFP batteries use Carbonate....
Hydroxide use to have a premium over Carbonate...
Not any more....
> 10% lower atm.....
With the current over supply of lithium.....
LTRs prices pegged to hydroxide is not good....
Especially with transport costs ...cif E Coast US.....
Loans to repay....
Kikker1959 is not stupid.....
Thats why he sold at $3.....
Thats why he holds PLS minimal LTR.....
Except a handful of LTR < $500 worth to attend AGM...
I hold no Lithium stocks....
Why would you with all this new supply about to hit the market....
Long term probably good.....
LTR being high cost will probably go under.....
Banks already reneging.....
Gina knows this....
Thats why she had to block ALB....
ASX Today, page-38697
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Last
93.5¢ |
Change
-0.050(5.08%) |
Mkt cap ! $2.266B | |||
| Open | High | Low | Value | Volume |
| 97.5¢ | 97.5¢ | 93.5¢ | $49.48M | 52.51M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 2797617 | 93.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 94.0¢ | 341986 | 5 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| LTR (ASX) Chart |