Reporting season may see it bounce but the worry is African mines selling it far cheaper than we can ever sell it at.
PLS could be in trouble soon. They'll have to get their cost prices down to the African mine prices.
Come 3rd quarter China will need more spod so expect to see a bounce in spod prices before it goes south again.
Over supply is the problem.
The longer term there is another issue. Trump is saying he will put a tarriff on all EV's coming into the US
at 100% which means EV's will get to expensive to buy in that market which will take a big hit on world EV sales.
Then you have an even bigger over supply problem.
Reporting season will see PLS bounce to $3.50 and then 3rd quarter with spod rising PLS might get to $4
and that might be bail time. Longer term this isn't looking good for us. Have to get cost prices down below $200US/T.
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Last
$3.10 |
Change
0.050(1.64%) |
Mkt cap ! $9.335B |
Open | High | Low | Value | Volume |
$3.21 | $3.26 | $3.08 | $87.12M | 27.65M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 195050 | $3.10 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.12 | 1000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 190000 | 3.100 |
9 | 245155 | 3.090 |
8 | 202328 | 3.080 |
5 | 25000 | 3.070 |
9 | 57846 | 3.060 |
Price($) | Vol. | No. |
---|---|---|
3.120 | 1000 | 1 |
3.130 | 3300 | 1 |
3.140 | 11100 | 3 |
3.150 | 292553 | 6 |
3.160 | 182053 | 6 |
Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
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