We are still heading towards seasonal production high (max alluvial from Indo) and no actual action on bans yet from Indo or Wa state in Myanmar. Add some general market weakness in smaller end, ceiling debate in US, tax loss selling etc, feels like some more short term pain to come. If we go into recession sooner rather than later, probably even more pain. But then, finally, MLX will be the belle of the ball.
MLX Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
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