Some lithium companies now stopped production here in Australia...

Some lithium companies now stopped production here in Australia and elsewhere as the selling price is
far lower than the cost price.

At some point if the slide continues PLS will have to halt production until prices come back up.
PLS has dropped 50% from its high's.

Spod down to $911US/T for the higher grade spod that is.
PLS is a lower grade spod so our prices are now likely to be $700US/T.
This is getting close to our cost prices.

When it was $3.82 I posted I suspected it would go as low as $2.90 in here and its gone even lower than that
which has even shocked me.

There is a very big over supply of spod on the market and when that happens prices fall hard.

PLS and others might have to only do BMX auctions to sell at a higher price.

By 2028 PLS will be selling over 3 times more spod assuming they have not cut or stopped production
due to a very low spod price.

They do say buy in fear which has been running for some months now.
I topped up recently at over $3.20 a share.

I am hopeful the reporting of the last financial year will seethe stock bounce over $3.50
The reality is spod is falling harder now.