Same thing happened in iron ore. Check out Atlas Iron etc. history.
If you're a small/medium lithium company in WA no way are you building a plant now (or probably even digging it up).
All you can do is sell raw material to PLS et al at cheap prices.
PLS' smart move was to get big quickly and get to production relatively quickly.
Hard to compete against now.
Same thing happened in iron ore. Check out Atlas Iron etc....
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Last
$2.93 |
Change
-0.160(5.18%) |
Mkt cap ! $8.823B | |||
| Open | High | Low | Value | Volume |
| $3.05 | $3.08 | $2.91 | $69.76M | 23.57M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 294361 | $2.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.94 | 3706 | 2 |
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| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |