That is wrong. Competition drives down prices not sends it skywards.
Over supply is the problem with far to many new mines and expansions of current mines.
You see it with EV's now. Tesla used to get away with selling their EV's at $100K plus and competition
has driven down the price of the Tesla's to $60K odd. Many other EV car brands have entered the market sending
EV prices even lower.
When there is over supply prices fall when there is a limit to what one can get the price goes far higher.
Take gas prices for example. A war in Ukraine and Russia cuts back its gas to the West and prices soar
world wide as Europe has to import gas from elsewhere sending the gas prices up by quite a bit.
That is wrong. Competition drives down prices not sends it...
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Last
$3.13 |
Change
0.135(4.52%) |
Mkt cap ! $9.365B | |||
| Open | High | Low | Value | Volume |
| $3.10 | $3.14 | $3.05 | $35.40M | 11.43M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 46 | 185944 | $3.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.13 | 136698 | 32 |
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| Last trade - 11.12am 27/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |