This has been a bad year for commodities and obviously the reason for that has been the Trump initiated trade wars with China.
Spodumene is down over 20% this year and still falling.
With these low prices, and the extreme depth of the KV deposit, it is likely not economic in my opinion (and backed up by the fall in SP after the PFS AND the last drilling results).
The best thing that could happen for LTR and the economics of KV is a stop to these trade wars and the consequent lift in all commodity prices.
This will only happen with the removal of Trump (after he has now shot himself in the foot with the Ukraine / Biden affair).
Otherwise KV is dead in the water imho.
All LTR holders must now be enthusiastically barracking for a Democrat led impeachment of Trump to restore normality to world trade.
This has been a bad year for commodities and obviously the...
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Last
87.5¢ |
Change
0.025(2.94%) |
Mkt cap ! $2.121B | |||
| Open | High | Low | Value | Volume |
| 88.0¢ | 88.5¢ | 85.3¢ | $8.253M | 9.463M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 30489 | 87.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 88.0¢ | 252133 | 14 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| LTR (ASX) Chart |