The massive $9.9b takeover of Arcadium by Rio is going to ensure that Rio will want to ensure they are the lowest C1 cost producer in the world just like they are in the IO space. They will ramp up production as quickly as possible to really extract the highest economies of scale so they can generate sufficient margin
Spodumene is currently at about USD800. I can’t see it going anywhere near their historical highs. This TO makes this even more improbable. What’s a reasonable PE for MIN now, taking into account to their high debt load?
MIN chart, page-491
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Last
$47.94 |
Change
-3.290(6.42%) |
Mkt cap ! $9.421B | |||
| Open | High | Low | Value | Volume |
| $49.80 | $49.82 | $46.48 | $148.1M | 3.091M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1264 | $47.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $47.96 | 501 | 2 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| MIN (ASX) Chart |