AZL Daily Report, page-713

Weekly data and thoughts.
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Please not that all my views are for short-term only, and I could be wrong, so please dyor.
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Lithium Sector Overview -
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From a weekly perspective, AZL had a big, big move. Moved from 0.7 to 1. Also reached 1.3. So first big move by AZL. After reaching 0.5, a move to 1.3 is great. It was also on very high volumes. So why the move? No announcement till now, but if one has to guess, it has to be around Prairie. And what could that be? It has to be more than any results. More on finance/some collaboration, offtake - lets see. LTR also made a big move this week, especially Friday, so lets see if that helps. After a long time, an exciting time is happening. But question is - can it be sustained? We may need some news to help. Or the big players who are taking position, they can still carry this much higher. A play around 1.9 will be the first big hurdle.
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Major price action indicators were down -

• ALB - loss of around 4%
• Ganfeng - Gain of 3% for the week, Tianqi 2%
• PLS/LTR - PLS flat for week, LTR big gain of 23%
• Spot Price - Down slightly for the week, I think around 2 to 3%

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So what do these numbers say? The narrative around inconsistent play continues. I wrote last week that all jurisdictions (US/ASX/Chinese) need to go up together. Last week ALB was Ganfeng down. This week Ganfeng up, ALB down. So no overall move in the sector. Among big stocks, LTR had a big move last week, not sure why, take over offer? Among small to mid stocks, AZL/DLI also had a good gain. DLI on its news but AZL was a surprise. So at least we are seeing some good moves. Question is - can these moves be sustained? And more importantly, will it help other Li stocks or is an indication that sector may be bottoming? No confirmation on this yet. So another waiting game for now.
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So what may happen next week? On Friday, US Li stocks had small gain. General markets mixed. I think next week is crucial to see AZL/DLI/LTR play, and also seeing if both ALB/Ganfeng can make gains in tandem. AZL will be on spotlight. If 1 holds, there is a good chance we may see a move towards at least mid 1s. Lets hope it plays that way. This is the only Li stock I am holding so hoping for best.
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Here is the Figures for the Week:..
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