1
Lithium names posted strong gains Thursday, swept up in a broad rally for stocks in natural resources and alternative energy, reacting to reports thatChina is considering a 1.5T yuan stimulus plan(~0B) to boost infrastructure funding to lift its slowing economy.
Lithium Americas (NYSE:LAC) bounced off YTD lows to lead the group,+10.3%, followed by (PLL)+7%, (SQM)+6.9%, (LTHM)+4.1%, (ALB)+2.3%; ETF: (NYSEARCA:LIT)+4.5%.
Adding to the positive sentiment, China's Tianqi Lithium reportedlyraised HK.5B(~US.7B) after pricing its Hong Kong second listing at the top of a marketed range.
Tianqi reportedly sold 164.1M shares at HK each, after marketing the shares at HK-HK.
Also, Brazil's government on Wednesday published an executive orderloosening rules on lithium exports, saying the move could bring in more than 15B reais (~.8B) in investments by 2030.
Sigma Lithium (NASDAQ:SGML), which holds 28 concessions to explore lithium in Brazil with combined reserves estimated at 85.7M metric tons, closed Thursday+10.5%.
Sigma Lithium co-CEO Ana Cabral-Gardner told Reuters the company's Brazilian unitshould start production by the end of this year.
Goldman Sachs recently warned lithium prices had peaked and will go into reverse this year assupply from unconventional new sources overwhelms demand.
- Forums
- ASX - By Stock
- PLL
- PLL General Discussion
PLL General Discussion, page-7
-
- There are more pages in this discussion • 2,491 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PLL (ASX) to my watchlist
|
|||||
Last
16.5¢ |
Change
-0.015(8.33%) |
Mkt cap ! $68.81M |
Open | High | Low | Value | Volume |
17.5¢ | 17.5¢ | 16.5¢ | $959.3K | 5.639M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 105175 | 16.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.0¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 80175 | 0.165 |
15 | 815907 | 0.160 |
7 | 405100 | 0.155 |
11 | 420737 | 0.150 |
3 | 580988 | 0.145 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 100000 | 1 |
0.175 | 194997 | 9 |
0.180 | 41668 | 3 |
0.185 | 171098 | 5 |
0.190 | 350414 | 13 |
Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
|
|||||
Last
16.5¢ |
  |
Change
-0.015 ( 8.33 %) |
|||
Open | High | Low | Volume | ||
17.3¢ | 17.3¢ | 16.5¢ | 975259 | ||
Last updated 15.59pm 17/06/2024 ? |
Featured News
PLL (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non Executive Director
Simon Kidston
Non Executive Director
SPONSORED BY The Market Online