According to Benchmark’s lithium price assessment battery grade lithium carbonate prices increased by 61% between 3 and 31 May. They stated it was partly due to refiners holding back from selling but downstream manufacturers have also begun to restock. They also state the EV demand recovery may be imminent based on Chinese market sentiment.
This explains why lithium stocks are up a lot and partly explains why AZS SP is up.
If AZS assays results are like 50m @1% then as Tony told there will be a lot of interest in AZS ie much higher SP.
AZS Price at posting:
58.5¢ Sentiment: Buy Disclosure: Held
