CORE LITHIUM LTD (ASX:CXO) - CXO - Chart Thread, page-14 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by Brumbie: ↑

Here you go mate. Had to copy and paste (crappy). Good article and write up about our not so little anymore CXO.

Lithium stocks are on a tear after double-barrelled Tesla news landsTesla CEO Elon Musk. Picture: AFPCAMERON ENGLANDBUSINESS EDITOR1:26PM JANUARY 4, 20214 Tesla’s news it had delivered almost half a million cars last year and inked a lithium supply deal which will buy Australian minerals have the small cap lithium sector running hot.Core Lithium’s share price closed more than 17 per cent stronger after the company responded to a speeding ticket from the ASX. The stock finished Monday’s session at 17c, but had traded as high as 21c during the day.Adelaide-based Core has a “shovel ready” lithium project in the Northern Territory, managing director Stephen Biggins says, and demand for lithium, which is leveraged to the electric vehicle market, is looking strong after the price found a floor in the third quarter of 2020.Core told the ASX that it had no specific news of its own to share which could have moved its share price, but there had been news reports that its largest shareholder Yahua International Investment and Development Co. had signed a five-year deal to supply lithium to Tesla.“Core and Yahua have signed a binding offtake agreement for 75,000 tonnes per annum of lithium spodumene concentrate,’’ the company told the ASX.Tesla delivered more than half a million cars in 2020. Picture: AFP“Analysts have recently reported that lithium prices in China are increasing from 2020 lows and global electric vehicle (EV) sales are reaching record highs in recent months.READ MORE:IGO spends big to buy into lithium|Plenty of interest in Greenbushes lithium mine|Lithium battery zoom with electric cars“Core Lithium is the most advanced new Australian lithium developer on the ASX and there are very few advanced Australian lithium projects for investors to build exposure to increasing lithium prices.’’Core, which is looking to soon update its feasibility study for its Finniss project, said was also expecting to announce more drill results in coming weeks.Exploration drilling at Core Lithium’s Finniss project. Picture: SuppliedCore shares were trading at 6c in mid-November, compared with the current price of 20c.Mr Biggins said he believed the Tesla deal with Yahua was driving interest in lithium stocks at the moment.“In a larger sense, 2020 has seen a real pivot point globally towards economic growth that’s targeting a low-emissions future and electric vehicles will play a role front and centre in achieving that,’’ he said.“The supply of lithium to achieve those economic growth goals needs to grow rapidly and so the value of quality lithium assets (is high).“Core’s construction-ready project in the Territory really fits that bill.’’Mr Biggins said the company was fully approved by the NT government to start construction, then mining and processing“We’re just working on completing an updated feasibility study but the project is essentially shovel-ready,’’ he said.
“And now with lithium prices increasing and financial markets switching back on to the lithium sector and demand rapidly increasing, the momentum for Core to head towards construction of the project this year is pretty strong.’’Tesla announced over the weekend it had fallen just short of its goal of delivering at least half a million vehicles in calendar 2020.This beat analysts’ forecasts and was buoyed by a record final quarter for deliveries.Other junior lithium companies which performed well include Argosy Minerals, which has a current 77.5 per cent interest in the Rincon Lithium Project in Argentina and a 100 per cent interest in the Tonopah Lithium Project in Nevada, USA.Argosy stock finished 50 per cent higher at 12c on Monday.Lepidico shares closed up 40 per cent after it announced it was in confidential discussions with up top six lithium hydroxide customers and three caesium/rubidium customers.The Perth-based company owns the rights to the L-Max process technology which its says “extracts lithium and recovers valuable by-products from less contested lithium-mica and phosphate minerals’’.“Lepidico’s strategic objective is to become a vertically integrated business, from mine to production of battery grade lithium chemical.’’

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thanks @Brumbie great news, I'm only holding 3 tickers atm and 2 of them highlighted in that article ( CXO, LPD). 2021 is looking very very green. its been a long hold for many, mine since 2016, and patience now being rewarded.

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(20min delay)
Last 9.2¢		Change -0.001(1.08%)		Mkt cap ! $196.5M

Open	High	Low	Value	Volume
9.3¢	9.5¢	9.2¢	$664.8K	7.125M

CXO - Chart Thread, page-14

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