The importance of the CATL announcement to me is as a capitulation on the profitability of lepidolite even for a large integrated player.
PLS can keep pumping out Li at high and improving efficiency at the current basement prices and maintain their cash backing for a long time.
This capitulation of a major player in the market is a validation of PLS strategy. They are executing measured and disciplined production with multiple levers for increasing volume and efficiency. (LRS acquisition - Regional diversification and transport nationality, Mid-stream processing to increase product value and reduce waste and transport cost, also licencing option for other miners to use the technology, P1000 and P2000 expansion plans and so on.)
PLS chart, page-23096
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Last
$2.67 |
Change
0.310(13.1%) |
Mkt cap ! $8.040B | |||
| Open | High | Low | Value | Volume |
| $2.55 | $2.77 | $2.53 | $172.5M | 64.79M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 295865 | $2.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.67 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |