That’s what makes the market. Folk like you betting against Lithium being in deficit and folks like me investing years ago and enjoying the ride that a Lithium deficit has provided.
I’m a simple bloke. I just look at data, the BYD Seal that drove past today, BYD exports continually increasing and from those things, I deduce that investing in PLS is a pretty safe bet. Of course, there are multiple other factors that support my investment thesis, but each to their own.
It’s impossible for 500 EV manufacturers in China to survive, that’s why it’s now down to 90 and continuing down as the crap is weeded out, a bit like the high cost Lithium producers.
Less EV producers with quality offerings at lower prices is a positive for Lithium demand, not a negative.
BYD need more ships. The data shows that is a wise investment.
https://asia.nikkei.com/Spotlight/Electric-cars-in-China/BYD-to-deploy-fleet-of-8-car-carriers-to-underpin-global-EV-expansion
What's behind the drastic downturn in nickel and lithium prices, page-170
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Last
$3.80 |
Change
-0.080(2.06%) |
Mkt cap ! $11.43B | |||
| Open | High | Low | Value | Volume |
| $3.82 | $3.84 | $3.76 | $101.5M | 26.69M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 80354 | $3.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.81 | 241726 | 10 |
View Market Depth
| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
$3.80 |
Change
-0.080 ( 2.07 %) |
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| Open | High | Low | Volume | ||
| $3.82 | $3.84 | $3.76 | 7705296 | ||
| Last updated 15.59pm 30/05/2024 ? | |||||
| PLS (ASX) Chart |