short term rebound in lithium prices may be restocking. But I would be much more bullish re EV penetration in China and even more so rest of the world re both penetration and speed of increase (of course coming of a much lower base). Re swing supply - assumes a higher price in any case. We don't need a pricing environment that mirrors 2021. Achieving half that price would blow the shorts out of the water - and given the uncertainties around supply and demand that is absolutely feasible in the medium term. I think the risk is very much on the upside from where prices are now.
Good News & Bad News, page-40913
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Last
$2.98 |
Change
-0.020(0.67%) |
Mkt cap ! $8.972B | |||
| Open | High | Low | Value | Volume |
| $2.92 | $2.98 | $2.90 | $38.78M | 13.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 15056 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.98 | 89928 | 9 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |