SYR 0.65% 38.8¢ syrah resources limited

SYR - Takeover, page-71

  1. 2,693 Posts.
    lightbulb Created with Sketch. 361

    After a tough H2 2019 it now appears the EV slowdown is over. The US-China trade war Phase 1 deal agreed to in mid December 2019 appears to have been the catalyst for electric vehicle (EV) buyers to have confidence to buy EVs again.

    China EV sales in December 2019 were about double November 2019

    Chinese New Energy Vehicle (NEV) sales were recently reported to be 163,000 in December 2019, which is sharply up from November 2019 sales of 83,000. In fact, it is a 96% increase month on month.

    Given the trade war Phase 1 deal was announced on December 13, 2019, it appears that the renewed confidence has helped December 2019 China NEV sales already.

    China suggests no significant subsidy decreases in 2020

    On January 11, 2020, Reuters reported: “China will not cut NEV subsidies in July 2020 – Minister of Industry and Information Technology Miao Wei said on Saturday.


 
watchlist Created with Sketch. Add SYR (ASX) to my watchlist
(20min delay)
Last
38.8¢
Change
0.003(0.65%)
Mkt cap ! $408.7M
Open High Low Value Volume
39.0¢ 40.0¢ 38.5¢ $832.8K 2.128M

Buyers (Bids)

No. Vol. Price($)
43 246208 38.5¢
 

Sellers (Offers)

Price($) Vol. No.
39.0¢ 151529 19
View Market Depth
Last trade - 12.18pm 17/06/2024 (20 minute delay) ?
Last
38.8¢
  Change
0.003 ( 0.69 %)
Open High Low Volume
39.0¢ 39.8¢ 38.5¢ 1415819
Last updated 12.35pm 17/06/2024 ?
SYR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.