Imo not much chance of Li price dropping significantly in short-med term; recent "peak" related to China lockdowns afaict, and with demand increasing by circa 150k-200k tpa (LCE), I'm not sure where all that supply is going to come from!
Also, EV sales push hard through H2 each year to peak near xmas, so we will see stronger and stronger numbers as the year rolls on.
If we (AGY) were to drop sharply (e.g. circa 50%), imo it'd have to happen before we get news of successful production; after that, there are several key catalysts that will prevent significant downside imo! (either that or complete macro meltdown, which I doubt)
2022 Charts, page-1605
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Last
13.0¢ |
Change
0.005(4.00%) |
Mkt cap ! $182.5M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.0¢ | 12.0¢ | $111.5K | 887.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 43406 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 779002 | 11 |
View Market Depth
| Last trade - 16.10pm 13/05/2024 (20 minute delay) ? |
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Last
12.5¢ |
Change
0.005 ( 0.32 %) |
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| Open | High | Low | Volume | ||
| 12.5¢ | 13.0¢ | 12.3¢ | 721464 | ||
| Last updated 15.59pm 13/05/2024 ? | |||||
| AGY (ASX) Chart |