Spod since down to $910US/T and still falling so no final dividend either.
I think many will bail and go to iron ore for dividend stocks.
PLS average selling price was $1600US/T. So far this year the average price is just over $900US/T
so profits going to take an even deeper cut come end of financial year.
Spod prices by mid year may well be far lower again.
This has a long way to play out before it rises. Junior miners have suspended operations until it goes up but
they have debt issues and likely will fold.
PLS has no debt and doing cost cutting measures to get their costs down.
Retirees need dividend stocks and this was all looking rosy a year ago.
Fact is EV car sales are not going as well as predicted and to many new mines and mine expansions
has resulted in a very big over supply problem which is why it keeps on falling.
With cost of living pressures many are buying used cars which is why used cars prices are up.
EV's really ought to be cheaper than they are but greed has taken over and as a result people not
buying them as fast as they thought they would.
Some EV car companies have slashed their prices on their EV's like Hyundai IONIQ5/6 by $16K
from $81K to $65K. They could go far lower than that.I suspect we will start seeing car dealers panic
and try and get rid of them at lower prices along with EV car suppliers otherwise they'll go out of business.
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