UBS takes aim at Chinese and African mines stating that "being integrated doesn't make you invincible" & expects spodumene spot price to hit $1,000 USD per tonne in the near future.
I won't make too much comment to this because it's pretty clear and easy to digest. But it's fascinating to see them change their positions and see the long term holders correct as always.
In the bottom, it's clear they are talking about LTR as one they're watching closely.
This confirms that a short squeeze is imminent, and I bet the Chinese mines are feeling a lot more pain than they're letting on. Let it rip.
Cheers,
CK
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Last
84.0¢ |
Change
0.005(0.60%) |
Mkt cap ! $2.037B | |||
| Open | High | Low | Value | Volume |
| 83.0¢ | 86.0¢ | 81.8¢ | $11.60M | 13.88M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 26185 | 84.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 84.5¢ | 211802 | 8 |
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| Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
| LTR (ASX) Chart |