I agree - it seems that CATL being asked by their customers to lower their margins, reducing the cost of their batteries and then asking suppliers to reduce their price is the main reason, followed by profit taking and perceived worsening macro.
In PLL’s case profit taking would be a big factor given the big upswing recently.
Hopefully SYA won’t be too affected and might bottom at 19-20 c mark.
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3.2¢ |
Change
0.001(3.23%) |
Mkt cap ! $324.2M | |||
| Open | High | Low | Value | Volume |
| 3.2¢ | 3.3¢ | 3.1¢ | $496.8K | 15.50M |
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| No. | Vol. | Price($) |
|---|---|---|
| 27 | 6325095 | 3.2¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 3.3¢ | 7015004 | 36 |
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| SYA (ASX) Chart |