The China slow demand narrative continues, meanwhile they accept every bit of spod they can get their hands on, DSO and Lepidolite.
Excess converter and cell making capacity shouldn’t translate to lower raw material prices, but it is. It is still their Achilles Heel. Data is telling us EV demand is high/higher than forecast. Maybe grid scale ESS isn’t as expected? Long development lead times may be an issue here.
Anyway, China doing what they can to continue the price suppression.
https://cnevpost.com/2023/09/08/lithium-prices-china-to-stop-falling-sept-trendforce/
The China slow demand narrative continues, meanwhile they accept...
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Last
$3.16 |
Change
-0.030(0.94%) |
Mkt cap ! $9.516B | |||
| Open | High | Low | Value | Volume |
| $3.17 | $3.19 | $3.06 | $50.14M | 15.97M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 49357 | $3.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.17 | 74794 | 5 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |