PLS chart, page-66

Originally posted by Andyrooo

Five stages of the EV battery chain.


At stage 5, Tesla's share price is booming.

At stages 3 and 4, LG Chem and CATL are booming.

At stage 2, Ganfeng (and GL) is booming.

PLS is a tier 1, Stage 1 producer. Its not a matter of if ... but when.


At least it can be said that SQM are moving back to their 52 wk high. PLS's 52 wk high is 52c. Although it hit 88c a couple of months before that.

Spodumene prices continue to bottom sit ... but for how long as all stages of the EV battery chain boom?

Ken said at the RRS Seminar that Chinese LiOH exports to Japan and Korea are booming and Spodumene is the favoured precursor. PLS is now the 2nd lowest cost producer of Spodumene in Australia. We also produce Tantalum whose usage is expanding.

Lithium analyst Rachel Zhang spoke of declining Spodumene inventory levels in China and expects restocking required at some point:




Was GXYs recent announcement of an offtake increase a sign of things to come?

With Stage 2 LiOH plants reaching commissioning this year, I EXPECT similar such announcements from PLS ... and in unexpected volumes.
Interesting to see we're now out of the top 20 shortest stocks on the ASX and back to 6.13%.

https://www.shortman.com.au/stock?q=pls

In fact, we're almost back to our Jan18 level of 5.03% from where our SP descent started.

https://markets.*.com/news/stocks/tesla-stock-price-street-high-target-piper-sandler-raise-musk-2020-7-1029393184