When you read widely and from a macro political sense, the situation is changing rapidly. The divide between the WEST and EAST (BRICS) is gathering pace. This has a direct results on the companies dealing in rare earth such as lithium.
We can see that as a direct consequence on starts up such as LLL, AVZ, LRS, GLN. They are or bust, have tier 2 management and/or are deeply entwined with the Chinese or Juntas
Western powers will isolate themselves more and more from these countries and regions and will focus on WA and Northern America for their supply. I expect LIT will be split in to two
1) Companies with top quality ESG and from Sovereign friendly countries that produce A grade batteries for Western Countries and high end cars.
2) Lower quality batteries produced for cars in Asia and third world countries to reduce prices as much as possible. Sodium batteries will be part of that mix
As a result for Western shareholders to invest in start ups focusing on the wrong side of this divide will probably results in tears. This has already started with failures in Africa and South America.
With LTR ticking all these boxes I expect a Spod price premium to be paid and conversion and battery plants to be build in Australia in the coming decade. Remember 50% of the global LIT is coming from this continent and I can't see that changing anytime soon as many other projects in overseas countries are falling like dominos.
AIMO.
- Forums
- ASX - By Stock
- ASX Today
When you read widely and from a macro political sense, the...
-
- There are more pages in this discussion • 277 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 LTR (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.21 |
Change
-0.075(5.84%) |
Mkt cap ! $2.933B |
Open | High | Low | Value | Volume |
$1.27 | $1.28 | $1.21 | $13.83M | 11.22M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 238348 | $1.21 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.22 | 125540 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 187716 | 1.210 |
8 | 100432 | 1.205 |
52 | 247943 | 1.200 |
2 | 12497 | 1.195 |
1 | 2521 | 1.190 |
Price($) | Vol. | No. |
---|---|---|
1.225 | 70000 | 2 |
1.230 | 15000 | 1 |
1.235 | 254876 | 5 |
1.240 | 50036 | 3 |
1.245 | 59665 | 4 |
Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
|
|||||
Last
$1.21 |
  |
Change
-0.075 ( 6.16 %) |
|||
Open | High | Low | Volume | ||
$1.27 | $1.27 | $1.21 | 1979003 | ||
Last updated 15.59pm 05/06/2024 ? |
Featured News
LTR (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non-Executive Director
Simon Kidston
Non-Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online