There would be financial penalties for LTR if they don't supply their clients with the contracted amounts. What's the point of a contract if LTR can simply stop supplying product? That's the equivalent of the client saying they don't want the product.
I said months ago that LTR should have been put into C&M given where the price of spod is. Just because they have a truckload of cash doesn't mean they should keep the pedal to the metal. The market is in oversupply and adding new supply is only exacerbating low prices. The price of lithium is where it is because of participants in the market, with LTR being one of them. All participants are responsible for the price of lithium and where it goes in the future.
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Last
84.0¢ |
Change
0.005(0.60%) |
Mkt cap ! $2.024B | |||
| Open | High | Low | Value | Volume |
| 80.0¢ | 85.0¢ | 80.0¢ | $2.592M | 3.130M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 119199 | 83.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 84.0¢ | 74887 | 8 |
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| Last trade - 11.29am 11/11/2024 (20 minute delay) ? |
| LTR (ASX) Chart |