I disagree.
It makes perfect sense in a market outside of China. China has demonstrated it will do whatever it can to achieve the lowest cost. Quality and standards have absolutely suffered. Other countries are not that mercenary and will use other means to compete.
Many countries do care about ESG so a small margin on top of a price that is no longer at $8000 a tonne is entirely sensible. A smaller subset of those countries will mandate ESG and so ESG compliant product will be in higher demand, generally. It will happen even if you want to pretend it won't.
There are already other markets with different prices, albeit for different reasons.
Lithium is not a commodity, it is a specialist chemical. So very high quality (not SC2.5 crap from South America), ESG compliant material produced at the lowest end of the cost curve and immediately available in the NA market, will be in very high demand.
A winsome windfall, if you will.
- Forums
- ASX - By Stock
- WR1 General Discussion
I disagree.It makes perfect sense in a market outside of China....
- There are more pages in this discussion • 3,261 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WR1 (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.06 |
Change
-0.005(0.47%) |
Mkt cap ! $201.2M |
Open | High | Low | Value | Volume |
$1.08 | $1.10 | $1.05 | $507.3K | 473.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 15943 | $1.06 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.07 | 6000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 1.055 |
1 | 6000 | 1.050 |
2 | 10500 | 1.035 |
1 | 975 | 1.025 |
1 | 3000 | 1.020 |
Price($) | Vol. | No. |
---|---|---|
1.070 | 6000 | 1 |
1.085 | 10000 | 1 |
1.100 | 14777 | 3 |
1.145 | 2600 | 1 |
1.150 | 870 | 1 |
Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
|
|||||
Last
$1.06 |
  |
Change
-0.005 ( 0.62 %) |
|||
Open | High | Low | Volume | ||
$1.08 | $1.08 | $1.05 | 54241 | ||
Last updated 15.59pm 07/06/2024 ? |
Featured News
WR1 (ASX) Chart |