The market is now doing the dump on positive news and buy on the rumour
Or is it just dumping on news and rumours?
Is this because of dropping market in the US?
Pending announcemnt of CPI and rate increase in the US?
Fear of recession within the next 12 months in the US?
I assume the market has not heard about Jhina stimulus spending $220B
https://www.theaustralian.com.au/business/*/*-laughing-all-the-way-to-the-development-bank-china-mulls-another-huge-stimmy-plan/news-story/94fa40018f1e915164eed5ab6ca93a40
https://www.theverge.com/2022/7/7/23198203/volkswagen-ev-battery-factory-power-co-investment
They plan to build 6 gigafactories in europe by 2030 and plans to build gigafactories in North Amercia.
With all these batteries and car gigafactories - I wonder where will they source all those raw Lithium to make their batteries????
Short term - we will have jhina spending $220b in stimulus
Long term - we have gigafactories opening all around the world.
The world has many car and batteries manufacturers - all wanting to capture a bigger slice of the trillion dollar battery market.
This means more demand for Lithium - so why are investor dumping this stock?
The market is now doing the dump on positive news and buy on the...
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Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $262.5M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.5¢ | 12.0¢ | $2.819M | 21.65M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 74 | 7116156 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 1337234 | 33 |
View Market Depth
| Last trade - 14.28pm 08/10/2024 (20 minute delay) ? |
| CXO (ASX) Chart |