Ann: Extension to Voluntary Suspension, page-178

First 178 Last

Share
Profile

Follow
PASBOZ

5,890 Posts.

1869

03/07/22

17:19

Post #: 62344399
Share

Originally posted by PASBOZ ↑

Agree that it will recover higher as shorts will be under pressure to buy back.
160 million shares to cover ... with
The trend for lithium carbonate prices remaining stable and growth projections for EV increasing.
As for Goldman Sachs buying while the metals market falling after giving its report is considered part of the trading environment newbies take note.
Lithium carbonate prices in China were at 475,500 yuan/tonne in late June, remaining near the record-high of 500,000 from March amid industry incentives in the EV sector and low supply levels. Local Chinese governments, including Beijing, Shanghai, and Wuhan, announced cash subsidies for customers replacing petrol cars with new EV purchases. The measures were placed to revamp activity in the sector after demand for durable goods plummeted during the strict Covid lockdowns, in addition to contributing to China’s goal of cutting carbon emissions. Carbonate prices remain over 430% higher year-on-year, struggles as the metal's supply to meet surging demand for goods with lithium batteries. Early estimates from the Shanghai Metals Market pointed to a 17% monthly demand increase from battery manufacturers in June, as Chinese industries ramp up capacity, while lithium carbonate production levels were similar to those seen in May.
https://tradingeconomics.com/commodity/lithium
ALL IMO

Expand

Darkside

627 Posts.
198
Date:
01/07/22
Time:
21:54:31
Post #:
62329601

AVZ Price at posting: 78.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Bitcoin investors need to know the risks

MDI

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

AII

Almonty locks in govt agreement for tungsten oxide plant in South Korea

NIM

Nimy to raise $1.21M to explore 'newsy' WA targets