LMG 6.38% 4.4¢ latrobe magnesium limited

general discussion, page-1220

  1. 6,764 Posts.
    lightbulb Created with Sketch. 1643
    Did anyone see the shareholder feedback for Tesla over the weekend?

    On track for 2m vehicles this year and an end of decade target of 20m.

    Their vehicles have large amounts of various metals not least of which is aluminium.

    The aluminium is actually an alloy which includes a substantial amount of magnesium (to harden the alloy).

    If the casting are 200kg in total and 10% is magnesium then this years usage of Mg will be 2m x 20kg let alone the next seven years to end of decade.

    I don't know where they are going to get the magnesium from even with a multi site execution of LMG tech.

 
watchlist Created with Sketch. Add LMG (ASX) to my watchlist
(20min delay)
Last
4.4¢
Change
-0.003(6.38%)
Mkt cap ! $96.44M
Open High Low Value Volume
4.7¢ 4.7¢ 4.4¢ $69.98K 1.561M

Buyers (Bids)

No. Vol. Price($)
1 779254 4.4¢
 

Sellers (Offers)

Price($) Vol. No.
4.5¢ 30441 1
View Market Depth
Last trade - 16.10pm 15/07/2024 (20 minute delay) ?
LMG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.