Iron ore is going up and as it goes up the Aussie dollar goes up.
China is in trouble which has also panicked markets. If China was to spend their way out of it with a package it might bounce up.
Biggest problem is over supply due to new mines and mine expansions. Posted that over a month ago.
That also happened wit iron ore stocks in 2008 where iron ore got so low that the junior miners went all belly up.
Lithium price will also get so low that some junior mines that are coming on line soon will go belly up and if it
was only that then in a normal course of events lithium would go back up but to many other things happening
that may well see PLS in trouble like solid state batteries coming in 2025 by just about every EV car maker.
Toyota has a solid state battery that uses lithium and they added 1000 patents on that wit their ev standard model out in 2027 with a 800KM range
and charging time in 10 minutes and up to two other models with a 1000 and 1200km range.
Countries still using lithium to power cities up to 2025 then we'll be in strife.
My plan was to bail late 2024. I'll hold till about then and then bail.
Wish PLS would expand to the materials sold state batteries use to stay going into the future.
PLS chart, page-18197
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Last
$2.88 |
Change
-0.020(0.69%) |
Mkt cap ! $8.671B | |||
| Open | High | Low | Value | Volume |
| $2.87 | $2.93 | $2.84 | $50.85M | 17.65M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $2.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.88 | 179945 | 5 |
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| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |