Bear in mind, iron ore price did a same pattern, initial big spike just after Chinese new year, then pulled back, the big recovery was coming after the pullback.
Yesterday's big pullback, is just a retest, I expect a big recovery to come over coming months.
PLS' pre-auction sale to Yahua (likely), at SC6 US$1,200/t, is a very good sign, at least 41% better than Woodmac's price. The Syndicate offers $550m, so additional $250m is good enough to get rampup going.
ALB is going to hold an auction on 26 March 2023, double volume, 10kt spodumene, will be interesting to watch.
All imo.
Following iron ore cycle, Big recovery ahead, page-79
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Last
$1.46 |
Change
-0.035(2.35%) |
Mkt cap ! $3.527B | |||
| Open | High | Low | Value | Volume |
| $1.49 | $1.52 | $1.46 | $11.18M | 7.628M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24171 | $1.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.46 | 15499 | 4 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
$1.46 |
Change
-0.035 ( 1.71 %) |
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| Open | High | Low | Volume | ||
| $1.51 | $1.51 | $1.46 | 2032239 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| LTR (ASX) Chart |