Car sales are down whether they are petrol or EV in 2024.
Cost of living has caused retail sales to slump world wide.
They calling it a retail recession.
Its why the lithium price has dropped by 90% and with over supply issues causing lithium/spod to fall hard
along with the share price in those companies. Some will fold. FMG was looking at mining it then
when the price collapsed they had a re think and didn't go ahead with it.
My PLS shares gone from about $5.50 to $2.90
Some lithium stocks gone from 90c to 3c and I suspect they'll fold soon as their cost price is higher than the sale price.
Many have stopped product and with high debt levels they'll soon fold too.
PLS still making a good enough profit so they will be fine.
Fear has entered the market for lithium stocks.
Iron ore price, page-52922
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Last
$21.59 |
Change
-0.270(1.24%) |
Mkt cap ! $66.47B | |||
| Open | High | Low | Value | Volume |
| $21.71 | $21.80 | $21.51 | $95.00M | 4.393M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7115 | $21.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.59 | 4291 | 2 |
View Market Depth
| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |