Clearly production will get scaled back by many producers which will help the Spodumene price but the issue is as soon as the price rises so will production so clearly there will be a limit to how much the Spodumene price can recover.
True, but it takes time to bring the mining personal back, and if the company shuts the processing plant down, it can take a while to restart and ramp to nameplate.
Maybe 90kt of spod removed from market, if PLS and MIN curtailed 55kt each, on a spod 6% basis, forecast surplus for 2024CY vanishes.
Clearly production will get scaled back by many producers which...
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Last
$4.07 |
Change
-0.070(1.69%) |
Mkt cap ! $12.20B | |||
| Open | High | Low | Value | Volume |
| $4.10 | $4.13 | $4.01 | $37.62M | 9.286M |
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| No. | Vol. | Price($) |
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Sellers (Offers)
| Price($) | Vol. | No. |
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| $4.08 | 215280 | 33 |
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| Last trade - 13.38pm 13/05/2024 (20 minute delay) ? |
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$4.07 |
Change
-0.070 ( 1.34 %) |
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| Open | High | Low | Volume | ||
| $4.12 | $4.13 | $4.01 | 2558343 | ||
| Last updated 13.54pm 13/05/2024 ? | |||||
| PLS (ASX) Chart |