Mate .....I still hold .....and I am still accumulating - but in typical HC & social media fashion you again misinterpret what someone is saying. Here's something I think you all have missed as I hadn't seen it posted anywhere else. So iif you want to blame someone you should perhaps look at yourself first and your own analysis and also look around the market elsewhere to get a proper feel for what is going on. It is not unique to SYA and probably hasn't got much to do with your BAPE thesis and complaints. Do you actually follow anything that is going on around you ?

Busine

Lithium Firms Take a Near Billion-Dollar Hit as Umicore Warns

By

Aoyon Ashraf

April 24, 2019, 1:43 AM GMT+10 Updated on April 24, 2019, 2:18 AM GMT+10

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In this article

UMI

UMICORE

27.25

EUR

+0.45+1.68%

ALB

ALBEMARLE CORP

66.80

USD

+0.46+0.69%

LTHM

LIVENT CORP

6.90

USD

+0.00+0.00%

The impact from a Belgian materials company’s profit warning has now spread from the European car market to the Western hemisphere.

The top three lithium producers lost almost a billion dollars in combined market-value after Umicore SA, a producer of metal products and catalysts used in vehicles, among other uses, warned that it will miss analysts’ profit estimates due to slowing slowing demand for electric vehicles in China and South Korea.

Lithium giant Albemarle Corp.’s shares took the largest hit, down as much as 5.5 percent as it counts Umicore among its top three customers. Peer Livent Corp. declined 3.8 percent and Sociedad Quimica y Minera de Chile SA’s ADRs tumbled as much as 3.6 percent. The combined loss at its worst reached nearly $900 million in New York trading.

Given the size and reach of Umicore, the outlook offers a reliable read-through to the broader electric-vehicles and lithium sectors, Vertical Research Group analyst James Bardowski wrote in a note. He reiterated his negative bias on Albemarle, Sociedad Quimica y Minera and the greater lithium sector.
News concerning lower Chinese electric-car demand should not come as a surprise, as China said on March 26 that it was cutting electric-car subsidies, prompting investors concerns over future demand in the country. But heading into first quarter results, this latest warning will serve to bolster the risk and put earnings for lithium companies under greater scrutiny.

Livent will be among the first companies to report on May 7, Albemarle will report on May 8 and Sociedad Quimica y Minera on May 22.