The year of the Dragon starts this Friday and will last one week.
my Chinese friends believe this will signal a reversal in fortunes for lithium and other commodities
The way things work in China is that annual plans are made and then activated after a Chinese New Year … which means there has been a drawdown of stockpiles etc.
The start of a New Year will trigger the commencement of some new buying in commodities generally
Was interested to read that the other Chinese lithium indicators/prices may have been up last night? (I don’t know where to check that).
WildCat incredibly resilient at these prices and building a solid base from which I bounce well (I hope!)
Chines New Year
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23.0¢ |
Change
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Mkt cap ! $277.5M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 24.0¢ | 22.8¢ | $352.5K | 1.513M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10628 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 73972 | 6 |
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| WC8 (ASX) Chart |