Unfortunately, the EV market in Europe is also suffering from the Ukraine conflict.
Supply chains have collapsed (especially wiring harnesses are the problem) and other components are missing, not to mention the price increases in the segment. Manufacturers are imposing order freezes, VW as well as Renault for some models. It may well be that the demand for lithium will ease somewhat due to these unpleasant facts.
It can also be assumed that the lithium price has currently reached a high that could not easily go any higher, according to the motto "live and let live". But even with the current conditions, PLS should be more than satisfied if it can earn these over the next 12 months.
PLS chart, page-5650
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Last
$2.90 |
Change
-0.100(3.33%) |
Mkt cap ! $8.808B | |||
| Open | High | Low | Value | Volume |
| $2.95 | $2.98 | $2.88 | $25.47M | 8.713M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 39 | 300318 | $2.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 595 | 2 |
View Market Depth
| Last trade - 11.53am 09/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |