The Rio LTM deal has both positive and negative implications for the wider lithium market. Consider the following.
1. Majors see value at current valuations
2. Rio is now likely out of M&A for a while. Perhaps they come back later for more.
3. PLS is now competing with the balance sheet and expertise of RIO. Previously mothballed and delayed projects probably get funded now. This will be bad for supply.
4. Rio see value in the lowest cost operations (Brine) it will continue to be a race to the bottom of the cost curve. Only the strongest will survive.
5. If you have a top heavy register you probably won't be a target at this point of the cycle (LTR, MIN).
6. IGO and Albermarle ownership structures probably make them unattractive M&A targets.
7. GLN is still worthless.
8. LAAC could be another M&A target.
Good News & Bad News, page-47005
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Last
$2.85 |
Change
-0.150(5.00%) |
Mkt cap ! $8.582B | |||
| Open | High | Low | Value | Volume |
| $2.95 | $2.98 | $2.83 | $92.31M | 32.06M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 46000 | $2.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.86 | 89829 | 11 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |