PLS 4.45% $2.79 pilbara minerals limited

Its trending down , carbonate and anode , but may have reached a...

  1. 97 Posts.
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    Its trending down , carbonate and anode , but may have reached a support level. There are surplus batteries certain car manufacturers are holding , especially those with LFP batteries. There is way over capacity in LFP , those cars using hydroxide may not be in over supply. Hybrids and low range up to 400 klms are well iover supplied with carbonate. Ubs suggesting Pls is priced on long term spod $1600 , higher than other spod producers. You buy PLS your buying premium. Then again they do have quite a cash reserve others dont . Is PLS worth around 11B at todays high ?? , i have no idea. I think once global intetest rates start dropping q3 2024 there will be a renewed interest in this sector.
 
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