remember when the lithium price went up...
well that was due to Chinese lithium producers being mothballed and going into care and maintenance
so supply was reduced and the price went up
But demand is still weak
Inventory of EV is still rising as dealers can't sell their cars.
Clearly the rise in price of lithium yesterday was just a momentary blip up in a much stronger trend in price down.
the more I look into this 21% short position on PLS the more it starts to be making sense.
will be very interesting to see the short report today and total sales chart in coming days to see if the percentages have actually changed.
I would say not much as shorters can see a cyclical down and will stick to their guns hoping for a big pay day down the track.
Good News & Bad News, page-39520
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Last
$3.11 |
Change
-0.090(2.81%) |
Mkt cap ! $9.269B | |||
| Open | High | Low | Value | Volume |
| $3.15 | $3.17 | $3.06 | $206.2M | 66.06M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 238654 | $3.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.12 | 1900727 | 21 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| PLS (ASX) Chart |