No offence, but hard rock producers have done more to crash spot prices than China probably ever has. PLS and MIN have both increased production while spot prices plummeted. SYA ditto.
We now have LTR about to dump huge quantities of product into the market, at the same time that spot prices are clearly capitulating. It doesn't require a rocket scientist to understand what sort of effect this may have.
The market is sending a very clear message - there is way too much supply at present.
The only problem is, next to no hard rock producers are actually paying attention.
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Last
81.0¢ |
Change
-0.050(5.81%) |
Mkt cap ! $1.964B | |||
| Open | High | Low | Value | Volume |
| 84.5¢ | 84.5¢ | 81.0¢ | $8.663M | 10.54M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 67 | 678312 | 81.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 82.0¢ | 83450 | 5 |
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| Last trade - 16.10pm 13/08/2024 (20 minute delay) ? |
| LTR (ASX) Chart |