I expect we likely will have a global recession but we will hit $1 next year whether or not the recession comes first. Even in a recession, people are going to keep buying some new cars, and the reduction in new vehicle purchases will primarily come from ICE vehicles, not EVs. Even in a severe recession, the number of new EV sales will continue to increase for 2-3 years. After that during an economic recovery, the total vehicle fleet will likely be low, and there will be added drive for new vehicle sales, and of course it will be EVs in high demand. However things play out, lithium demand is set to exceed supply for over five years, and a global recession will retard the supply side of things, meaning increased prices for years afterwards.
I comfortably see $1 for AGY next year, and beyond that it's fundamentals not TA, but five years from now we should be $3+ as well as likely receiving dividends starting around then.
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3.8¢ |
Change
-0.002(5.00%) |
Mkt cap ! $56.78M |
Open | High | Low | Value | Volume |
4.0¢ | 4.0¢ | 3.8¢ | $106.0K | 2.735M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 1374182 | 3.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.9¢ | 13217 | 2 |
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No. | Vol. | Price($) |
---|---|---|
12 | 1374182 | 0.038 |
17 | 2347269 | 0.037 |
27 | 2819892 | 0.036 |
30 | 2635393 | 0.035 |
9 | 1320292 | 0.034 |
Price($) | Vol. | No. |
---|---|---|
0.039 | 13217 | 2 |
0.040 | 1139479 | 3 |
0.041 | 754698 | 4 |
0.042 | 1564864 | 7 |
0.043 | 2054255 | 5 |
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