Lithium price is at the bottom, or certainly close. It’s been a challenging year for lithium producers, theirs share prices declining across the board. Low grades = high processing cost.
What does that type of company do?
They should stay debt free, manage your balance sheet, manage your cash until get through the next 12 months. some of them can do this, others cannot....They can sell their valuable Li very cheap because they are desperate.
Having Li in Africa and South America are now showing weakness for mine and supply related problems. Third world countries are going to have more social unrest more and more, it is inevitable. Major investors are looking for safe mining jurisdiction, viable infrastructures, high skill work, environment friendly operations, human rights and friendly government.
Australia is the country, which can provide all these requirements.
What LTR can do? Develop Tier 1, high quality, high value KV project further. No depth, no market pressure, no deal with old style expensive processing technology.
LTR will be the winner in these conditions. Lithium battery usage increasing Exponentially and strategic energy metals trade war is getting hotter.
Lithium price is at the bottom, or certainly close. It’s been a...
Add LTR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.10 |
Change
0.000(0.00%) |
Mkt cap ! $2.654B | |||
| Open | High | Low | Value | Volume |
| $1.10 | $1.12 | $1.09 | $6.558M | 5.973M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 23575 | $1.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.10 | 41053 | 3 |
View Market Depth
| Last trade - 16.10pm 23/04/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.10 |
Change
0.000 ( 0.96 %) |
||||
| Open | High | Low | Volume | ||
| $1.10 | $1.11 | $1.09 | 4789675 | ||
| Last updated 15.59pm 23/04/2024 ? | |||||
| LTR (ASX) Chart |