PLS 3.83% $2.98 pilbara minerals limited

Lithium Demand surge, page-252

  1. 14,113 Posts.
    lightbulb Created with Sketch. 705
    We live in interesting times but wiothout significant nuclear power investment I dont think EV will penetrate more than 1% of Australian new car sales in the next decade.

    Lithium is rare and batteries are imported mostly, the grid needs major upgrades to distribute the power for conversion to EV and many power plants need to be constructed. Batteries lose capacity over time and need replacement after 5 years. Australia is big and delivering rapid EV charging in remote locations is a challenge.

    Australia is a major global gas producer. Gas can use existing service stations and distribution fleets at all existing locations without massive grid investments.

    LPG is a fairly simple conversion for petrol engines and has been around for ages. Taxi fleets have shown the system is reliable and converted vehicles do not require expensive battery replacement, just basic maintenance.

    Diesel conversion to LNG is a significant new trend , 30% less CO2, 90% less NO

    http://gastoday.com.au/news/australias_diesel_trucks_to_receive_latest_lng_technology/63840

    https://www.reuters.com/article/us-...hooses-lng-to-power-new-vessels-idUSKBN1D7128

    As an interim step while others suffer the pain of current EV development it would be very beneficial to use existing infrastructure and vehicles with our huge local gas supply.

    https://www.lngworldnews.com/video-...ts-building-pluto-lng-truck-loading-facility/

 
watchlist Created with Sketch. Add PLS (ASX) to my watchlist
(20min delay)
Last
$2.98
Change
0.110(3.83%)
Mkt cap ! $8.969B
Open High Low Value Volume
$2.99 $3.10 $2.95 $98.90M 32.90M

Buyers (Bids)

No. Vol. Price($)
5 16986 $2.97
 

Sellers (Offers)

Price($) Vol. No.
$2.98 175531 5
View Market Depth
Last trade - 16.10pm 26/07/2024 (20 minute delay) ?
PLS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.