As lithium prices free fall the lithium stocks also go south.
Big over supply issues now. Current mines expanding like no tomorrow and new mines coming on line create an over supply issue.
The only good news is if buying an EV in 2024 it will be $10K cheaper due to the ore price which is down just over 80% for 2023.
Not surprising the stocks have all gone south since.
We used to see in here BMX auctions with the massive profits. They don't seem to post these any more due
to the far weaker prices.
We find out the prices at the end of this quarter then work out what our dividends might be which may only be 8c to 10c.
The money is in iron ore at present as the iron ore prices goes up so do the iron ore miners share price.
They do say buy in fear though which is about now.
PLS chart, page-19928
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Last
$2.85 |
Change
-0.040(1.38%) |
Mkt cap ! $8.699B | |||
| Open | High | Low | Value | Volume |
| $2.79 | $2.86 | $2.78 | $17.92M | 6.378M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 207290 | $2.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.85 | 43437 | 9 |
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| Last trade - 10.32am 25/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |