I found this recent article about FMG and lithium.
https://www.copyright link/business/mining/fortescue-iron-ore-prices-jump-47pc-20190418-p51f9g
GXY and ORE have lost as well because of falling Li prices, a drop in demand and oversupply.
https://www.copyright link/business/mining/warning-that-lithium-prices-may-fall-further-25pc-20190523-p51qmi
PLS has dropped sharply over the last few days because, together with the above factors, it released a negative announcement.
The second article also says "long-term supply and demand trends would make lithium an attractive business.'' "We continue to believe that demand in [the] lithium market could reach close to one million tons by 2025'' .Global lithium demand was slightly below 300,000 tonnes in 2018."
So I'll say what I've always said: LONG TERM HOLD
DYOR
What's PLS worth?, page-74
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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 |