If this price downturn hangs around or even gets worse, then LRS is the one to be onboard with.
I get the feeling that the EV uptake has slowed lots. With new production coming online, the low-cost producers will survive and prosper. The high costs of production here in Australia and Canada will definitely put the breaks on very quickly.
Time will tell if this is just another bump in the rd as lithium supply overtakes EV demand, until EV demand outpaces supply again and the price heads North gain.
Leo Lithium is projected to come online in 2024 so adding more pressure on the supply side.
If this price downturn hangs around or even gets worse, then LRS...
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Last
17.0¢ |
Change
-0.010(5.56%) |
Mkt cap ! $475.9M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.0¢ | 16.5¢ | $1.608M | 9.399M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 2237794 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 250000 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LRS (ASX) Chart |