moowee I've heard on the grapevine that the Chinese companies involved with African (Zimbabwe, Nigeria) mines are private entities, not listed on the exchange, thus flying under the radar, if they exist. Nonetheless, the Zimbabwe supply contribution was 237kt of 4% spod so far this CY, thus using a conversion ratio of 9 to 1 tonne LCE, we are talking 26kt LCE, and as said yesterday, that shouldn't move the needle against total of ~900kt LCE supply in 2023, (i.e. 2.89%),
So it must be Chinese domestic lepaedolite adding to the supply this year, which for the record, BMI forecast the market would be in balance in 2023, but that forecast probably didn't have any visibility on supply from Africa and Chinese domestic, like today, non listed coy's under the radar...
Good News & Bad News, page-35545
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Last
$3.01 |
Change
0.050(1.69%) |
Mkt cap ! $9.059B | |||
| Open | High | Low | Value | Volume |
| $3.03 | $3.04 | $2.96 | $47.61M | 15.86M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 168080 | $3.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.01 | 137639 | 2 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |