One of them isn't EV sales. SF has just posted some data on that. YOY growth in the high 30's%.
Another one that isn't bad is Global Renewable Energy investment in the first 6 months of 2023. A record $358 Billion of which $177 Billion was in China. That requires much grid scale energy storage to shore up the grid strength.
So, no matter what bad data is coming out of China, it appears the demand for Lithium is exceeding expectations. It won't stop the demand slowing and supply glut narrative by a few because they have an interest in repeating that mantra.
Did you answer the LTR short trade ? If you did I missed it. Short at 1.03, target 30c was it.
PLS chart, page-18016
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Last
$2.94 |
Change
-0.070(2.33%) |
Mkt cap ! $8.849B | |||
| Open | High | Low | Value | Volume |
| $2.93 | $3.01 | $2.89 | $64.87M | 22.02M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 86878 | $2.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.95 | 199466 | 4 |
View Market Depth
| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |