The lockdown has depressed the spot price and that's being blamed for the lithium sector sell off (along side the obvious general background S&P500 collapse, which I suspect will bounce soon at least temporarily. However, contract prices (which is how most lithium is sold) are far below spot prices and they chase the spot prices similar to how a 200MA line runs after the immediate share price. So even during this lockdown and the temporary correction in carbonate spot prices, contract prices are still going up globally.
Ultimately, the lockdowns will ease up and the US markets will bottom out (temporarily at least), all while AGY keep progressing its operation into production for a market whose demand isn't going to let up anytime soon as there is no turning back on the EV transition now.
2022 Charts, page-1023
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Last
3.7¢ |
Change
-0.001(2.63%) |
Mkt cap ! $53.86M | |||
| Open | High | Low | Value | Volume |
| 3.8¢ | 3.8¢ | 3.5¢ | $359.1K | 9.763M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 2015083 | 3.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.7¢ | 157403 | 2 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| AGY (ASX) Chart |