yep, many pundits predicting a lithium rally in 2020, and many predicting the bottom is now.
we are perhaps seeing signs of a rally already.
Below is a table of some of China's biggest lithium companies and what their share price has done since 1st November, 2019:
|
Column 1 |
Column 2 |
Column 3 |
Column 4 |
Column 5 |
| 1 |
|
1/11/2019 |
10/01/2020 |
+/- ($) |
+/- (%) |
| 2 |
Ganfeng |
22.18 |
41.08 |
18.9 |
85.21% |
| 3 |
CATL |
69.33 |
113.31 |
43.98 |
63.44% |
| 4 |
Tianqi |
21.46 |
31.53 |
10.07 |
46.92% |
| 5 |
Yahua |
6.6 |
9.49 |
2.89 |
43.79% |
| 6 |
Guangdong Weihua |
7.06 |
9.11 |
2.05 |
29.04% |
if we want, we can also add in Tesla which is up 53.63% since 1st November 2019.
It has been said that lithium co's on the asx generally follow the Chinese co's, however we are usually about 2-3 months behind.
So below is a table of asx lithium players and how they have performed thus far in the first 10 days of 2020:
|
Column 1 |
Column 2 |
Column 3 |
Column 4 |
Column 5 |
| 1 |
|
31st Dec |
10th Jan |
+/- ($) |
+/- (%) |
| 2 |
LKE |
0.026 |
0.051 |
0.025 |
96.15% |
| 3 |
SYA |
0.011 |
0.016 |
0.005 |
45.45% |
| 4 |
ORE |
2.65 |
3.40 |
0.75 |
28.30% |
| 5 |
PSC |
0.18 |
0.23 |
0.05 |
27.78% |
| 6 |
AJM |
0.049 |
0.062 |
0.013 |
26.53% |
| 7 |
GXY |
0.925 |
1.16 |
0.235 |
25.41% |
| 8 |
PLS |
0.28 |
0.34 |
0.06 |
21.43% |
| 9 |
EUR |
0.084 |
0.099 |
0.015 |
17.86% |
| 10 |
ASN |
0.027 |
0.031 |
0.004 |
14.81% |
| 11 |
PLL |
0.118 |
0.135 |
0.017 |
14.41% |
| 12 |
LPD |
0.015 |
0.017 |
0.002 |
13.33% |
| 13 |
LPI |
0.25 |
0.28 |
0.03 |
12.00% |
| 14 |
INF |
0.059 |
0.065 |
0.006 |
10.17% |
| 15 |
AGY |
0.076 |
0.083 |
0.007 |
9.21% |
| 16 |
NVA |
0.044 |
0.047 |
0.003 |
6.82% |
| 17 |
LIT |
0.06 |
0.063 |
0.003 |
5.00% |
| 18 |
GLN |
0.13 |
0.135 |
0.005 |
3.85% |
| 19 |
MIN |
16.5 |
17.05 |
0.55 |
3.33% |
| 20 |
NMT |
0.19 |
0.195 |
0.005 |
2.63% |
| 21 |
CXO |
0.035 |
0.035 |
0.00 |
0.00% |
| 22 |
AVZ |
0.043 |
0.043 |
0.00 |
0.00% |
| 23 |
EMH |
0.3 |
0.29 |
-0.01 |
-3.33% |
| 24 |
LTR |
0.087 |
0.083 |
-0.004 |
-4.60% |
| 25 |
MLL |
0.076 |
0.071 |
-0.005 |
-6.58% |
| 26 |
LI3 |
0.025 |
0.022 |
-0.003 |
-12.00% |
The Co's in bold are the producers. It makes sense that the producers would be the first of the asx players to follow the Chinese, so i comes as no surprise that our producers are all at the top of the table, all enjoying gains of over 20% these last 10 days.
Of the 25 co's in this table, 19 of them (76%) have made gains, and just 4 of them (16%) have lost ground, overall a good sign.
The co's in red are co's whose performance i find baffling in comparison to their peers: I don't see why CXO (Australia's next lithium producer), LTR (Australia's biggest uncommitted Li resource which is about to get a whole lot better) and AVZ (the worlds biggest Li resource) haven't joined in the gains... Seems to me that these 3 co's have some catching up to do. And if our peers continue to perform well, it only makes sense that these 3 companies WILL catch up.
IMO
GLTAH
(20min delay)