Very different scenarios.
China's expansion into African projects and very poor quality lepidolite projects relate to them wanting to increase their control of raw lithium supply. This is not ideal for producers like PLS in the short-term, as Chinese companies have been subsidizing unprofitable operations for the sake of raw material price control.
On the other hand, China collaborating with Europe (in particular) and Canada to increase their supply of EVs to these regions (rather than have large tariffs for Chinese vehicles kill off demand) is a great thing for lithium producers like PLS, consumers who have access to more affordable EVs, and net zero carbon aspirations. This will increase EV demand globally, hence increasing the need for PLS' product.
Good News & Bad News, page-46081
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Last
$3.16 |
Change
-0.030(0.94%) |
Mkt cap ! $9.516B | |||
| Open | High | Low | Value | Volume |
| $3.17 | $3.19 | $3.06 | $50.14M | 15.97M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 49357 | $3.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.17 | 74794 | 5 |
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| PLS (ASX) Chart |