Disagree for so many reasons. Lithium fundamentals have been consistently underestimated and still to do so. The magnitude of the revolution is upending two significant markets: automakers and energy storage. Hence, I think it's a bit silly for people to compare these fundamentals with those of iron ore.
With the market being tight for at least next 5 years, SP declines of 50% will only happen if something significantly bad happens at PLS, and even then lithium valuations won't allow for that sharp of a drop.
IMO we are already at new lows, so saddle up.
Disagree for so many reasons. Lithium fundamentals have been...
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Last
$2.89 |
Change
-0.100(3.34%) |
Mkt cap ! $8.699B | |||
| Open | High | Low | Value | Volume |
| $2.95 | $2.97 | $2.89 | $45.17M | 15.51M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 335341 | $2.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 154500 | 2 |
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| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |