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PET

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    0.009$
  • Previous Close
    0.008$
  • 52 Week Change
    0.02$
  • Day Range
    0.00$
  • 52 Week High/Low
    0.007$ - 0.025$
  • Dividend Per Share
    --
  • Market cap
    5 620 K$
  • EPS
    0
  • Beta
    0.812
  • Volume
    --

About

PET.AU is the stock ticker symbol for Pilbara Minerals Limited, an Australian lithium mining company listed on the Australian Securities Exchange (ASX). Pilbara Minerals is primarily focused on the Pilgangoora Project, located in Western Australia's Pilbara region, which is one of the world's largest hard-rock lithium deposits. The company extracts spodumene concentrate, a lithium-bearing mineral, which is then sold to global customers for conversion into lithium chemicals used in batteries for electric vehicles and energy storage systems. Pilbara Minerals is a significant player in the global lithium supply chain, contributing to the growing demand for battery raw materials.
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Factors

Lithium Demand: Increased demand for lithium, a key component in batteries, positively impacts Pilbara Minerals' revenue and thus its stock price.

Lithium Supply: Oversupply concerns or actual increases in lithium production from other miners can negatively affect prices.

Global Economy: Overall economic health influences demand for electric vehicles and battery storage, indirectly affecting Pilbara Minerals' performance.

Production Costs: Higher extraction or processing expenses can reduce profit margins and impact the stock price adversely.

Exchange Rates: Fluctuations in the Australian dollar (AUD) relative to other currencies, particularly the US dollar (USD), affect revenue as lithium is often priced in USD.

Company Performance: Pilbara Minerals' production volumes, cost efficiency, and project development progress affect investor confidence.

Investor Sentiment: Market trends, news events, and overall investor mood influence buying and selling decisions.

Regulatory Changes: Government policies regarding mining, environmental regulations, and electric vehicle adoption influence the lithium market.

Alternative Technologies: Advancements in battery technology, such as sodium-ion batteries, could pose a threat to lithium demand in the long run.

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