We can see here the price we see today isn't infact the true price of Lithium. I think we all know that.
In a relevant article posted today;
"Mineral Resources will start selling lithium on a digital auction platform after fetching a much higher premium for a recent sale than the prevailing spot price for the battery-making material."
This feels more like the beginning of the beginning, and not the beginning of an end. The EV market isn't going away tomorrow. Infact, you might just find the EV market has only just gotten started. Predictions by most is an expected EV boom, not a bust. If your sentiment on IGO is purely based on Li prices, then sure, time this stock well and buy the bottom before it surges. So good luck finding the bottom. I've put some pennies on it being NOW!
We can see here the price we see today isn't infact the true...
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Last
$7.92 |
Change
0.140(1.80%) |
Mkt cap ! $5.997B | |||
| Open | High | Low | Value | Volume |
| $7.86 | $8.02 | $7.84 | $28.84M | 3.641M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9730 | $7.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.93 | 24532 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$7.95 |
Change
0.140 ( 1.92 %) |
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| Open | High | Low | Volume | ||
| $7.87 | $8.02 | $7.84 | 1719626 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| IGO (ASX) Chart |