Darkside 627 Posts. 198 Date: 01/07/22 Time: 21:54:31 Post #:...

First 178 Last

Share
Profile

Follow
PASBOZ

5,890 Posts.

1869

03/07/22

17:19

Post #: 62344399
Share

Originally posted by PASBOZ ↑

Agree that it will recover higher as shorts will be under pressure to buy back.
160 million shares to cover ... with
The trend for lithium carbonate prices remaining stable and growth projections for EV increasing.
As for Goldman Sachs buying while the metals market falling after giving its report is considered part of the trading environment newbies take note.
Lithium carbonate prices in China were at 475,500 yuan/tonne in late June, remaining near the record-high of 500,000 from March amid industry incentives in the EV sector and low supply levels. Local Chinese governments, including Beijing, Shanghai, and Wuhan, announced cash subsidies for customers replacing petrol cars with new EV purchases. The measures were placed to revamp activity in the sector after demand for durable goods plummeted during the strict Covid lockdowns, in addition to contributing to China’s goal of cutting carbon emissions. Carbonate prices remain over 430% higher year-on-year, struggles as the metal's supply to meet surging demand for goods with lithium batteries. Early estimates from the Shanghai Metals Market pointed to a 17% monthly demand increase from battery manufacturers in June, as Chinese industries ramp up capacity, while lithium carbonate production levels were similar to those seen in May.
https://tradingeconomics.com/commodity/lithium
ALL IMO

Expand

Darkside

627 Posts.
198
Date:
01/07/22
Time:
21:54:31
Post #:
62329601

AVZ Price at posting: 78.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Microcap Wrap: 5 explorers with news out today

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

RCE

Recce's R327 found effective against E.coli during clinical trial

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

There are more pages in this discussion • 402 more messages in this thread...

First 178 Last

Add AVZ (ASX) to my watchlist

Darkside 627 Posts. 198 Date: 01/07/22 Time: 21:54:31 Post #:...

Top Stories

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Ava Risk Group expands US presence with A$0.7M Substation Deal

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Microcap Wrap: 5 explorers with news out today

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Recce's R327 found effective against E.coli during clinical trial

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Featured News