Quote - "With regard to stockpiling product, I would love to see some pain dished back to China - who need the materials. Let the miners create a supply shortage! We have the power - but it takes a big set of brass balls to refuse cash in any business. A bird in hand and all that. I doubt you will find too many CEO's willing to refuse sales to a client with cash."
If China over-press the pedal the supply issue will naturally fall towards shortage as miners lay of staff rather than run at an increasing loss. Only large, cheaper cost producers will maintain production and suddenly there will be a shortage until the "mothballed" plants can get back into the action.
Quote - "With regard to stockpiling product, I would love to see...
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Last
$4.08 |
Change
-0.070(1.69%) |
Mkt cap ! $12.30B | |||
| Open | High | Low | Value | Volume |
| $4.14 | $4.15 | $4.08 | $39.94M | 9.745M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 155622 | $4.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.09 | 96869 | 94 |
View Market Depth
| Last trade - 13.26pm 22/05/2024 (20 minute delay) ? |
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Last
$4.08 |
Change
-0.070 ( 2.03 %) |
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| Open | High | Low | Volume | ||
| $4.15 | $4.15 | $4.07 | 2402232 | ||
| Last updated 13.46pm 22/05/2024 ? | |||||
| PLS (ASX) Chart |