PLS 3.45% $1.26 pilbara minerals limited

Future of POSCO JV ?

  1. 226 Posts.
    lightbulb Created with Sketch. 76
    I know the ‘starting a new thread police’ will be frantically typing very soon, but I was hoping for some serious debate to ensue regarding the possible JV with POSCO.

    Given the lead time in bringing a new hydroxide plant into production I would have thought an JV announcement would have been with us already !!

    While we wait, many others are biting the bullet and moving ahead with plans to develop this downstream capability, which is in my mind giving the competition a head start on us. As lithium pricing improves and more greenfield mines get off the ground I imagine much more competition for PLS
    in 4-5 years time.

    I just want to see some tangible progress in regards to developing a downstream processing capability. A JV would be my preference given the expertise and market
    exposure/base that POSCO have.

    So, what is the hold up ??
    Is this likely to happen ??
    If so , any predictions on when ?

    Cheers .

watchlist Created with Sketch. Add PLS (ASX) to my watchlist
(20min delay)
Mkt cap ! $3.780B
Open High Low Value Volume
$1.28 $1.28 $1.25 $13.22M 10.45M

Buyers (Bids)

No. Vol. Price($)
22 167441 $1.26

Sellers (Offers)

Price($) Vol. No.
$1.26 218087 15
View Market Depth
Last trade - 11.45am 11/05/2021 (20 minute delay) ?
-0.045 ( 1.95 %)
Open High Low Volume
$1.28 $1.28 $1.25 3725482
Last updated 12.04pm 11/05/2021 (live) ?
PLS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.