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https://www.nzherald.co.nz/business/nz-super-fund-shifts-25-billi...

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juggernautz

507 Posts.

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14/09/22

09:12

Post #: 63685949
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Originally posted by Hotspring: ↑

I would expect a minor price drop or flat trading conditions in majority of the ASX listed lithium play based on what happened in the US overnight.
As more and more fundies / rating agencies / investors are aware of the definite supply deficit of lithium in short and middle term in red hot EV revolution, it is fairly safe bet for lithium play to do well compare to other sectors, especially in the current uncertain and fragile market conditions.
Hold tight, we will be heading to the consensus target price of $20 (by many research / rating agencies) in coming months.
Opportunity for johnny come lately fundies / investors to hop on board.

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https://www.nzherald.co.nz/business/nz-super-fund-shifts-25-billion-to-low-carbon-indices/3WAFKXQ46HDJL37VCCLUB5FPFA/

Moving away from fossil fuel stocks…

It will be a blood bath today but lithium stocks should withstand it more better than most. ALB and SQM remained pretty flat overnight despite the big drop of 1250 points.

GLTA!

AKE Price at posting: $15.99 Sentiment: None Disclosure: Held
10 Upvote

0 Great analysis

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