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Agreed ..... TT

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the technician

8,751 Posts.

1903

05/12/23

22:06

Post #: 71289994
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Originally posted by stevo 111: ↑

Bit off topic people but listen if you can.

The Chinese requirement of less than 25% is a game changer IMHO. The US has openly declared war on the Chinese market dominance.

The Chinese to this day have control of the lithium markets through their 78% control over end product. They produce around 8% of the worlds lithium supply but all of it is uneconomical at this price point as their production costs are far higher than the current price of 132,ooo.

The reality of the story is they are being subsidised to take the sector down, it’s another classic and masterpiece manoeuvre by the Chinese to manipulate another market they want to continue to dominate.

The Chinese spot price is a jokers hand and does not illustrate a clear picture of the road ahead.

We have been here before, and will likely be here again in a similar situation again.

I guess the moral of my little rant is that EV penetration is ramping up regardless of what the clueless eggs sprout on about.

In any sector a 38% YOY growth would be regarded as exponential.

With fast markets soon to deliver an alternative pricing mechanism we should see some reality return to the lithium markets.

Best wishes all.

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Agreed ..... TT

ASN Price at posting: 14.5¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 13.3¢		Change -0.003(1.85%)		Mkt cap ! $170.9M

Open	High	Low	Value	Volume
13.5¢	13.5¢	13.0¢	$70.51K	531.7K

Buyers (Bids)

No.	Vol.	Price($)
11	257785	13.0¢

Sellers (Offers)

Price($)	Vol.	No.
13.5¢	535256	17

View Market Depth

No.	Vol.	Price($)
11	257788	0.130
11	623080	0.125
30	881377	0.120
11	1106464	0.115
24	1240079	0.110

Price($)	Vol.	No.
0.135	535256	17
0.140	971430	20
0.145	650033	14
0.150	802456	11
0.155	290371	5

Last trade - 13.00pm 22/05/2024 (20 minute delay)


Last 13.0¢			Change -0.003 ( 0.00 %)
Open	High		Low	Volume
13.0¢	13.3¢		13.0¢	276622
Last updated 13.00pm 22/05/2024 ?

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