+Goldman Sachs telling lies to buy up big, creating this click bait ?
A matter of perspective. No credible voice believes there is a “glut”of battery quality #lithium supply. Clickbait headlines abound.Yes, due to a drawdown in battery supply chain inventories and China’s rush to produce unsustainable low grade materials (not viable at current prices), price came down from ridiculous panic induced highs of 2022. Look at the record - the current prices are relatively HIGH by historical standards.Do I believe price goes up from here? Yes, but producers like SQM & Pilbara Minerals Limited are showing insight not bravery by forging ahead with expansions.An industry going through 10X growth over this decade is going to be volatile. With this year’s lows being approximately 3X what SQM’s 4th Q 2020 price was, why wouldn’t they continue to leverage their globally low cost carbonate
+Goldman Sachs telling lies to buy up big, creating this click...
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Last
4.4¢ |
Change
0.004(10.0%) |
Mkt cap ! $452.9M | |||
| Open | High | Low | Value | Volume |
| 4.0¢ | 4.5¢ | 3.9¢ | $6.247M | 146.6M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 389035 | 4.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 4.5¢ | 9873690 | 54 |
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| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
4.5¢ |
Change
0.004 ( 11.5 %) |
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| Open | High | Low | Volume | ||
| 4.1¢ | 4.5¢ | 4.0¢ | 97842107 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| SYA (ASX) Chart |