Chinese are doing destocking at the moment, which is pushing up ore stockpiles at the mines and pushing down the demand on the buyers side, creating the perfect storm for pressed Li spot prices.
Chinese producers will soon have to shut down their uneconomical lepidolite operations and African DSO feed as they're bleeding money on those.
My suggestion is buy in the next few weeks to push your avg price down.
General Discussion Banter GLN, page-14358
Add GLN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
21.5¢ |
Change
-0.005(2.27%) |
Mkt cap ! $101.6M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.0¢ | 21.3¢ | $390.9K | 1.810M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 11195 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 144849 | 5 |
View Market Depth
| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
|
|||||
|
Last
21.5¢ |
Change
-0.005 ( 2.27 %) |
||||
| Open | High | Low | Volume | ||
| 22.0¢ | 22.5¢ | 21.5¢ | 949802 | ||
| Last updated 15.57pm 05/06/2024 ? | |||||
| GLN (ASX) Chart |