Three factors...
1. Broker/analyst report earlier this week suggesting Lithium Glut
2. Today's news that SQM has approval to vastly increase output from Chile - suggests a glut
3. ORE opens (after trading halt) into spooked Lithium market (affected all Lithium Stocks), fears of share dilution after cash raise and problems trading rights issue on some traders platforms. Some also think day traders trying to close out positions before they take too big a hit (those that bought in expecting a price rise on ORE when it opened). It's only dropped < 10% not the end of the world.
AGY Price at posting:
41.3¢ Sentiment: Buy Disclosure: Held
