Weekly data and thoughts. . Please not that all my views are for short-term only, and I could be wrong, so please dyor. . . . . Lithium Sector Overview- . . From a weekly perspective, AGY had a small gain from 1.9 to 2. AGY is still playing Li macro. The Li macro has not yet improved. No clear signs of reversal yet. Spot price still tight, still doing small drops every week. So it looks like more wait for now. LTR did make a move this week, especially Friday, so lets see if that helps. . . Major price action indicators were down -
ALB - loss of around 4%
Ganfeng - Gain of 3% for the week, Tianqi 2%
PLS/LTR - PLS flat for week, LTR big gain of 23%
Spot Price - Down slightly for the week, I think around 2 to 3%
. So what do these numbers say? The narrative around inconsistent play continues. I wrote last week that all jurisdictions (US/ASX/Chinese) need to go up together. Last week ALB was Ganfeng down. This week Ganfeng up, ALB down. So no overall move in the sector. Among big stocks, LTR had a big move last week, not sure why, take over offer? Among small to mid stocks, AZL/DLI also had a good gain. DLI on its news but AZL was a surprise. So at least we are seeing some good moves. Question is - can these moves be sustained? And more importantly, will it help other Li stocks or is an indication that sector may be bottoming? No confirmation on this yet. So another waiting game for now. . So what may happen next week? On Friday, US Li stocks had small gain. General markets mixed. I think next week is crucial to see AZL/DLI/LTR play, and also seeing if both ALB/Ganfeng can make gains in tandem. . . Here is the Figures for the Week:.. . .
AGY Price at posting:
2.0¢ Sentiment: Hold Disclosure: Not Held
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