Sayona is a cyclical commodity, much like most lithium stocks, which are influenced by supply and demand cycles, commodity prices, and government intervention. It's evident that even iron ore is struggling with lower-than-expected demand from China. As more countries transition to electric vehicles, the demand for lithium is set to rise.
In this bearish market, there is a silver lining; it tends to eliminate smaller, over-leveraged companies, clearing the path for robust, strategically positioned firms like Sayona to capture a greater market share. It's a widely held view that the lithium market is still in its initial stages.
Consider the demand for rhodium, platinum, and palladium (PGMs) before the 1980s, when catalytic converters were introduced. Although lithium is more common than PGMs, its significance in today's electrified world, with its insatiable appetite for electric commodities, cannot be understated.
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Last
2.8¢ |
Change
0.001(3.70%) |
Mkt cap ! $288.2M |
Open | High | Low | Value | Volume |
2.7¢ | 2.8¢ | 2.5¢ | $1.262M | 47.18M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 1565349 | 2.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.8¢ | 4608485 | 30 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 1565349 | 0.027 |
20 | 4369470 | 0.026 |
26 | 9173972 | 0.025 |
23 | 9535708 | 0.024 |
22 | 10737912 | 0.023 |
Price($) | Vol. | No. |
---|---|---|
0.028 | 4608485 | 30 |
0.029 | 9151717 | 23 |
0.030 | 15771748 | 34 |
0.031 | 2304626 | 6 |
0.032 | 3002951 | 13 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
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