"And those that argue that African spod isn't profitable forget to acknowledge that it doesn't need to be profitable. China owns the supply chain and is vertically integrated, so they can make up for the losses further up the chain."
That can be true only if the miners are also the purification owners and the battery manufacturers. But are they? If they are not, and the mining is running at a loss, who would make up the losses?
Good News & Bad News, page-45896
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Last
$3.19 |
Change
0.080(2.57%) |
Mkt cap ! $9.606B | |||
| Open | High | Low | Value | Volume |
| $3.18 | $3.27 | $3.15 | $80.46M | 25.06M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 22572 | $3.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.20 | 15000 | 1 |
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| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |