AVZ 0.00% 78.0¢ avz minerals limited

Ann: Extension to Voluntary Suspension, page-177

  1. 5,890 Posts.
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    Agree that it will recover higher as shorts will be under pressure to buy back.
    160 million shares to cover ... with
    The trend for lithium carbonate prices remaining stable and growth projections for EV increasing.
    As for Goldman Sachs buying while the metals market falling after giving its report is considered part of the trading environment newbies take note.
    Lithium carbonate prices in China were at 475,500 yuan/tonne in late June, remaining near the record-high of 500,000 from March amid industry incentives in the EV sector and low supply levels. Local Chinese governments, including Beijing, Shanghai, and Wuhan, announced cash subsidies for customers replacing petrol cars with new EV purchases. The measures were placed to revamp activity in the sector after demand for durable goods plummeted during the strict Covid lockdowns, in addition to contributing to China’s goal of cutting carbon emissions. Carbonate prices remain over 430% higher year-on-year, struggles as the metal's supply to meet surging demand for goods with lithium batteries. Early estimates from the Shanghai Metals Market pointed to a 17% monthly demand increase from battery manufacturers in June, as Chinese industries ramp up capacity, while lithium carbonate production levels were similar to those seen in May.
    https://tradingeconomics.com/commodity/lithium
    ALL IMO
 
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