ALBEMARLE is firing people and slowing expansions. They produce spod at what cost, 2.5 times less than SYA. This does not bode well for the industry.
PLL got a fantastic deal and that was offset up by high prices on the spot market. The spot price they are getting now is probably below $900/t so there is no way to offset the losses. Losses on top of losses.
It's either C&M or bleed through the capital at a rate of a few million per week.
IMO it's all short term and we will see a rebalance sometime this year, but why should SYA burn through $200 million to prop up PLL and sell into a horrible Chinese spot market? It's insanity imo.
ALBEMARLE is firing people and slowing expansions. They produce...
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Last
3.3¢ |
Change
0.001(3.13%) |
Mkt cap ! $339.6M | |||
| Open | High | Low | Value | Volume |
| 3.3¢ | 3.4¢ | 3.2¢ | $1.115M | 34.04M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 131 | 21151240 | 3.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.3¢ | 1618716 | 6 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
3.3¢ |
Change
0.001 ( 0.31 %) |
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| Open | High | Low | Volume | ||
| 3.3¢ | 3.4¢ | 3.2¢ | 21020600 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| SYA (ASX) Chart |