The major problems lithium is facing is low commodity prices. Everyone knows that and the companies producing know that . RDN and other junior players have ultimately dogged a bullet, only 2 years ago the biggest most reputable people were pumping lithium and the companies that would be in the forefront of lithium production! They couldn't have been more wrong! As Goldman Sachs said Elon and China went out of their way to make sure that lithium prices would fall due to the substantial amount of short selling the commodity! God bless capitalism! Now the short selling is burning the future of GOLDMAN SACHS AND Elon musk and China, so has it bottomed out ? Well it depends on them ! When they are happy to pay extra they will! But realistically why would they When they don't need too? Who controls the lithium price? Who doesn't control the lithium price is probably the better question!
The major problems lithium is facing is low commodity prices....
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Last
3.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $109.2M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 270000 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 57930 | 1 |
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| Last trade - 11.10am 10/10/2024 (20 minute delay) ? |
| RDN (ASX) Chart |
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