Piedmont Lithium Limited - American Depositary Receipts (PLL) Social Stream



Piedmont Lithium Limited - American Depositary Receipts (PLL): $68.87

0.44 (+0.64%)

POWR Rating

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Growth

S

Value

I

Momentum

G

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N

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U

Quality

P

Featured Post From StockTwits About PLL

$PLL I know that no one is listening, but despite a substantial increase in global demand for lithium since 2017, the price has gone from $21,000 tonne to $15,000. But, when the mine starts production in 2025, I have no doubt Tesla will be benevolent and gladly overpay so they can save PLL shareholders. If there are any left. Never mind that battery prices by weight are down 90% since 2011. Item #1 on this report from 2017 "Oversupply is depressing battery prices". Eh, it's just a study from the person who leads a digital industry research term at Bloomberg and specializes in emerging industries and their impact. Besides, when everyone keeps saying EVs will go to %50 of the market from the current 3%, I'm sure that won't take more than 18 months. http://data.bloomberglp.com/bnef/sites/14/2017/07/BNEF-Lithium-ion-battery-costs-and-market.pdf
LiverpoolYNWA23, published August 14, 2021

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