Many analysts are predicting a surplus from even this year, but personally I don't like the word surplus as just like iron ore there is nearly always a buyer, but just at a cheaper price, hence the 85% drop in spod prices we've had recently, back to the long term average so I think we've probably hit the bottom, so good time to buy lithium stocks IMO.
The problem with off-take agreements is they are usually based on market prices. E.g. LTR signed with ford in June 2022, priced quadrupled which is great, but now is half. Either way, they sell their product but are price takers, just like FMG.
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Last
$26.05 |
Change
-0.160(0.61%) |
Mkt cap ! $80.20B |
Open | High | Low | Value | Volume |
$26.23 | $26.32 | $25.89 | $78.04M | 2.995M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4302 | $26.05 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$26.06 | 10834 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4302 | 26.050 |
1 | 16492 | 26.040 |
1 | 40000 | 26.030 |
1 | 55 | 26.000 |
1 | 1154 | 25.980 |
Price($) | Vol. | No. |
---|---|---|
26.060 | 10834 | 1 |
26.090 | 11709 | 3 |
26.110 | 10834 | 1 |
26.120 | 1255 | 2 |
26.150 | 200 | 1 |
Last trade - 16.10pm 13/05/2024 (20 minute delay) ? |
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Last
$26.04 |
  |
Change
-0.160 ( 0.92 %) |
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Open | High | Low | Volume | ||
$26.24 | $26.32 | $25.89 | 458055 | ||
Last updated 15.59pm 13/05/2024 ? |
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FMG (ASX) Chart |
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MGU
MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
MD
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