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[ATTACH] I'm starting to wonder if Chinese battery manufactures...

  1. Say hope
    337 Posts.
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    03/02/18
    13:17
    Post #: 30793174
    commodity-lithium@2x.png
    I'm starting to wonder if Chinese battery manufactures over stocked themselves with lithium battery compounds towards the end of 2017, causing the current fall in price of lithium which is having a ripple effect on all Aust lithium stocks.
    While new energy vehicle (NEV) battery and cathode makers still wait for the Chinese authorities’ announcement regarding 2018 new subsidies policies, producers and consumers look to reduce the amount of material in their stock due to the upcoming Lunar New Year period. The Chinese New Year is 16th Feb, two weeks away.
    AJM Price at posting: 34.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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