Li Carbonate down another 5% over the past week to around $21k per tonne. YTD down 70%.
Shorters are taking advantage of the weakness. Anyone trading AGY atm will be observing the games being played to walk the sp lower.
For the world to decarbonise, there's no avoiding battery storage. Future demand is going to be huge. Gina knows this. She is getting set. AGY will overcome production teething issues. The 10k permit will be formally granted.
IMO the main issue is running down the bank balance and it's not an ideal time for a CR. Shorters are probably safe as our CEO had avoided signing offtakes prematurely so CR might be unavoidable...shame we might repeat history and be back around 14c if this is necessary.
Li-related News/Articles/Reports, page-5796
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