I tend to disagree.
that price was due to a Chinese lithium producer mothballing a plant, which reduced the supply and lead to a rise in price.
But to my mind what we are looking at here is a textbook Minsky moment
remember all the speculation in uranium stocks pre GFC
Just look at the chart for Paladin
Paladin and PLS are both energy miners.
what's the difference?
Also with all this overproduction and the debt in both the EV market AND the property market, one has to wonder how many Minsky moments China can handle before they bring themselves undone and take the world with them.
What's behind the drastic downturn in nickel and lithium prices, page-126
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Last
$3.07 |
Change
-0.190(5.83%) |
Mkt cap ! $9.239B | |||
| Open | High | Low | Value | Volume |
| $3.19 | $3.20 | $3.07 | $96.53M | 30.85M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 815921 | $3.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.08 | 309816 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PLS (ASX) Chart |