10 year chart of the Chinese spot price to help visualise the current price rise.
Looking more likely that we may see another spike like in 2016-2018 as things are starting to heat up. But I'm more confident in higher sustainable prices after the price spike as demand looks to be out pacing supply and is looking more unlikely to see a dump in price due to over supply which happened in 2018-2019.
As more western battery capacity comes on line i think more contracts will obey there floor price if an oversupply dose occur
Gltah cheers
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Last
$3.00 |
Change
-0.050(1.64%) |
Mkt cap ! $9.029B | |||
| Open | High | Low | Value | Volume |
| $3.03 | $3.06 | $3.00 | $41.07M | 13.59M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 97 | 622937 | $3.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.01 | 580 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |