firehawk08
Excerpt from Financial Review article today;
Washington | Australia is in pole position to benefit from a six fold increase in demand for so-called “critical minerals” worth $US12.9 trillion ($17.6 trillion) over the next two decades, driven by the race to hit net zero emissions, according to analysis from the International Monetary Fund.
I believe many are still not connecting the dots wrt hitting net zero, in that government net zero legislation is underpinning demand, we are in a super cycle, it will have it's ups and downs, but the long term trajectory is up, a lot.
Miners, particularly spod miners at present are prices makers not takers, and as you say, the price discovery derived from the BMX has done exactly that. PLS has 200kt coming online, which would soften prices if all was sold under offtake, but as said previously, sell 20kt via the BMX every other month to keep the buyers keen for as long as they can.
firehawk08Excerpt from Financial Review article today;Washington...
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Last
$2.99 |
Change
0.010(0.34%) |
Mkt cap ! $9.000B | |||
| Open | High | Low | Value | Volume |
| $2.93 | $3.01 | $2.89 | $104.7M | 35.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11874 | $2.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 65336 | 3 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |