'... those that control lithium market sentiment, (the chinese govt opportunistic policys, the Financial media and institutional players, are just setting the foundation for the impending FOMO event to be as lucrative as humanly possible '
- Just need to clarify that the lithium sentiment controllers have different objectives.
China wants lower Li prices to benefit its terms of trade via cheaper batteries produced by quasi state controlled business' CATYL and BYD which facilitates EV global domination ambitions via cheaper EVs,,, and enables China to snap up cheaper African / South American lithium projects whilst they depress the global price of Lithium.
The no less manipulative financial media and institutional interests collude to create either down trends or uptrends and profit in both directions primarily through orchestrated accumulation and distribution strategies.
As we've all experienced in the past, market sentiment can 'turn on a dime' from abject negativity to outright bullish... just watch for this inevitable switch ,,,just needs a trigger such as a significant stimulus package from China and/or western interest rate drop.
How many economist get it right when calling directions .... very very few which gets me to question the consensus 'rates higher for longer' mantra
We all need reminders to ourselves to ask who benefits from the dominant's narratives of the day
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Open | High | Low | Value | Volume |
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16 | 2132204 | 1.0¢ |
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Price($) | Vol. | No. |
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17 | 7100097 | 0.009 |
8 | 3050143 | 0.008 |
4 | 2662857 | 0.007 |
3 | 3800000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 2233333 | 6 |
0.012 | 606000 | 3 |
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