China iron ore mills are designed for Aussie and Brazil iron ore.
They can't get enough of it. Brazil sells 388 million tonnes of iron ore a year
and 64% of it goes to China.
Australia sells 930 million tonnes of iron ore a year and 85% of it goes to China.
Even in GFC1 and 2 and in the pandemic crash China was still buying iron ore.
Australia has 46% of the worlds lithium stocks.
Its cheaper for China to import from Australia than anywhere else.
No matter how low each commodity gets China still buys are minerals.
They can't get enough of it.
Some say why can't we out make steel to China well we can't as China has over 3000 steel mills
and we simply can't complete with that.
Now we all wait for the reporting season to boost the share price.
Best not to look at the share price if you value your health over the next month.
Spodumene Prices, page-4629
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.86 |
Change
-0.200(6.54%) |
Mkt cap ! $8.608B | |||
| Open | High | Low | Value | Volume |
| $2.95 | $2.96 | $2.85 | $61.44M | 21.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 163532 | $2.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.87 | 44591 | 3 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |