Ganfeng leading the recovery again up 10% today (should be higher if it wasn't for the cap). Having done its golden cross, Ganfeng is now retesting its historical high of 62CNY.
Galaxy to follow with a golden cross and follow Ganfeng's front run of 190% within a year.
The Chinese insiders know lithium carbonate and hydroxide inventory will not be enough to meet the structural increase in demand by year end. See that prices were held unnaturally low for acquisitions of quality lithium assets to occur, including the latest ownership takeover by Ganfeng of LAC's Cauchari.
Insiders knew of this a year in advance hence Ganfeng's rally of 190% all within the year.
To better understand the intentions of the government and the trend of the lithium market, just look at what Ganfeng is doing.
There is already a "pre scramble" to lock in lithium supply by large players in the market by directly buying Ganfeng stock.
not advice
GXY Price at posting:
$1.11 Sentiment: Buy Disclosure: Held
