ARU Chart Thread, page-1601

Steady day - lower volumes atm. Surely ECE finished up last week aligned to the 10 million sell down per week - rough 11 weeks to say the least.

Last week saw 35.5c then back to 32c - then Friday 34.5c and closed at 33c - those 3 - 4.10pm blues bite again.

Latest read 9/6 sees shorts reduced to 51 million - 2.4%. Interesting so see the read this time next week on high "gross" daily shorts last week. However they may well be covering now ECE out - thus paving way for a possible TH on final offtake and finance as advised for June - could be longer as they close out the best. Just how important was ECE divestment to that final offtake and "all" financiers - critically important. Just how long now before that/those TH's.

Banks are seeing opportunity in critical minerals projects as opposed previously - of course they are now - as the interest rate environment very favorable to them thus their risk appetite increases rather than large loans on low rates the equation does not appeal so much.

PrNd oxide prices dipped today 983usd - 1.40% per ton - Lot of calls and media suggesting CCP will need to inject a lot of stimulus and soon for everything re China economy - surely they will!!.