LKE 3.85% 5.0¢ lake resources n.l.

2021 and beyond, page-4632

  1. 17,102 Posts.
    lightbulb Created with Sketch. 2650
    Just in case you are wondering why there is movement in the local Chinese domestic spot price..."China's Top Port Shuttered For Seventh Day As Congestion Crisis Spreads"

    "Michael Every, Head of Asia-Pacific Financial Markets Research at Rabobank, recently said Delta leads to further disruption to shipping at China's busiest ports. The virus is impacting even Vietnamese and Thai production. In short, shipping snarls are going to get worse. Anecdotes are of shippers telling clients they will not deliver except at a premium; of smaller firms, and countries, being pushed down the priority list; of ships refusing to pick up goods exports from some locations; and of a structural supply-demand mismatch of sought-after shipping containers."

    ""Most ports are already experiencing congestion or delays, so any additional and uncatered for volumes will heap on more pressure," said Drewry's Heaney.""

    "Goldman Sachs has explicitly warned that "port closures or stricter control measures at ports could also put further upward pressure on shipping costs, which are already very high.""

    "Increasing port congestions in China is bad news for US importers who may experience longer shipping times and incur higher shipping costs on products that will be passed onto consumers. There's also the risk of product shortages developing."

    https://www.zerohedge.com/markets/china-top-port-shuttered-seventh-day-congestion-crisis-spreads

    With respect, perhaps you should be looking to "Benchmark" for your international lithium price assessments...and not the local Chinese domestic spot price.
 
watchlist Created with Sketch. Add LKE (ASX) to my watchlist
(20min delay)
Last
5.0¢
Change
-0.002(3.85%)
Mkt cap ! $90.33M
Open High Low Value Volume
5.2¢ 5.3¢ 5.0¢ $170.7K 3.322M

Buyers (Bids)

No. Vol. Price($)
27 1718818 5.0¢
 

Sellers (Offers)

Price($) Vol. No.
5.1¢ 132256 5
View Market Depth
Last trade - 15.42pm 15/11/2024 (20 minute delay) ?
LKE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.