The main point I was attempting to get through earlier is that a number of these development mines that were attempting to cash in on the earlier, higher lithium prices are not actually producing.
So, if they are not producing, then they have not been supplying.
So, if they decide to close due to the low lithium price, under the banner of Car and Maintenance, they may still have debt to service, as in interest.
In LTM’s case, the company has the choice of continuing to sell lithium (as a producer) and/or stockpiling.
Only producers have that choice.
This may be one of the main reasons I see this oversupply argument flawed.
As well as the battery demand rising as demonstrated by Stephen90.
India may also be seen as a dark horse as far as EV demand goes as well.
I would anticipate a rise from now, till after the Chinese New Year in relation to the lithium prices
The main point I was attempting to get through earlier is that a...
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Last
$7.17 |
Change
0.310(4.52%) |
Mkt cap ! $2.810B | |||
| Open | High | Low | Value | Volume |
| $7.12 | $7.18 | $7.08 | $21.98M | 3.078M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 15325 | $7.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.17 | 996 | 1 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$7.12 |
Change
0.310 ( 2.96 %) |
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| Open | High | Low | Volume | ||
| $7.14 | $7.18 | $7.08 | 500689 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| LTM (ASX) Chart |