With the drop off in iron ore, you’d think the people in the boardrooms of the biggest miners in Australia would be thinking, “What next?” wouldn’t you?
The lithium industry is set to grow exponentially over several decades. I wouldn’t be at all surprised if RIO steps up to the plate with an offer for LTR, very soon. The CEO has already said they are on the hunt. Rinehart could be a potential stumbling block there though as there seems to be little love lost between them.
BHP seem to be stupidly focused on copper and nickel in their diversification and growth plans.
We must be on the discussion tables of a number of the big boys, I’m certain of that:
ASX Today, page-42854
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Last
79.0¢ |
Change
0.020(2.60%) |
Mkt cap ! $1.915B | |||
| Open | High | Low | Value | Volume |
| 78.5¢ | 81.5¢ | 78.0¢ | $11.13M | 13.91M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 92916 | 79.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.5¢ | 131409 | 8 |
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| Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
| LTR (ASX) Chart |