Yeah, i think the market reaction to the lithium price drop has been based on confusion.
I think the oversupply came from low grade lithium and that's why the price dropped.
High grade lithium is the preferred material for batteries. If you look at the contract prices of companies selling high grade lithium, they're still high and profitable. I don't think there is an oversupply of high grade lithium, and hopefully when the market realises this, it will change things around for some companies.
Maybe not for ADV though.
Yeah, i think the market reaction to the lithium price drop has...
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Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.439M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 13.0¢ | $515 | 3.953K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 117347 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 71428 | 1 |
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| Last trade - 12.04pm 25/11/2024 (20 minute delay) ? |
| ADV (ASX) Chart |
