The LiOH price has dropped from US$18.46kg on 4/3/34 to US$12.98kg on 29/6/24. The chart shows a very clear technical downtrend with no sign whatsoever of a technical bottom formation. Hence your assertion that we are at the "bottom of spot pricing" is not supported by the current technical and market evidence (See Fastmarkets)
The LiOH price determines the SC6 price which absolutely drives LTR's PAT and FCF. So LTR is coming into production in a fiscal situation where PAT and FCF are both declining. This makes it incredibly difficult to envisage LTR's SP having "massive" upside potential. It is not a logical perspective and in IMO the reverse is the more likely scenario. LTR's valuation will decline with the reduction in PAT and FCF and this will put significant downward pressure on LTR's SP.
While LTR is an excellent company it is about to operate in an oversupplied SC6 market experiencing weak demand. Tough economic headwinds to battle against.
All IMO
The LiOH price has dropped from US$18.46kg on 4/3/34 to...
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Last
78.5¢ |
Change
0.060(8.28%) |
Mkt cap ! $1.903B | |||
| Open | High | Low | Value | Volume |
| 76.5¢ | 79.5¢ | 74.5¢ | $19.01M | 24.50M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 46043 | 78.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.0¢ | 62337 | 7 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| LTR (ASX) Chart |