Lithium prices are at about $6500US/T and a year ago they were $1100US/T.
Jim Charmers didn't help matters today as well. Good economic news where he made it out as bad news.
When good news comes out talk the economy up not down.
China been in lock down for two months which ended last night so their business will pick up
along with manufacturing so demand should pick up which is why iron ore miners are up today by quite a bit
and that should follow with lithium in a normal course of events.
GS and bad timing is all I can say.
Europe is energy hungry as is the east coast of Australia.
Europe ought to be looking at solar and battery for their power which is a faster fix to their energy needs.
Aussie interest rates are due to go up 40 basis points next week and that often hurts shares for a day or two before rebounding.
Then you have the ones selling shares at a loss for tax purposes which happens this time every year and we have a perfect storm.
Sooner or later bargain hunters will pile in.
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Price($) | Vol. | No. |
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