Banter and general comments, page-9694

Hi Kjuagutt.

China does not like the price of lithium constantly going up and has had meetings with producers regarding this.
They want to produce more locally but that is not going to solve the problem of global demand.
Even the US is enacting special powers to procure and give financial aid to companies in the critical/rare earths space as the US is way behind the curve and wants to secure supplies.
Panic stations.
There doesn’t seem to be any macro news and when the sector is down then there could be a tree shake by the big players to scare out some retailers.
This could last a day and if so you may see a snap back tomorrow or their algorithms may be set for however long they need to get their fill.
Just yesterday there were some reports out from a number of instos with upgrades for share prices and therefore that could be the reason to start their strategies/tactics, eg. create a sell off and induce a sell down while picking up sold shares, imo.
All part of the fun and games.
Nothing unusual.

T.