AKE 0.00% $9.83 allkem limited

SQM down 8% , Livent SP followed.Profit down 50%.I dont get the...

  1. 1,414 Posts.
    lightbulb Created with Sketch. 257
    SQM down 8% , Livent SP followed.Profit down 50%.
    I dont get the drop.China lithium has dropped 75% during the year.SP has followed fall in lithium prices.
    I would have thought SQM SP had already factored in the impact to profit.
    Maybe , the forecast about short term glut in lithium supply?
 
watchlist Created with Sketch. Add AKE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.