http://www.copyright link/business/mining/...-to-buy-asx-lithium-producers-20170914-gyhysv
Why now might be a good time to buy ASX lithium producers
The confidence in a positive outlook is reinforced by the slow response from the supply side - mines are not being built as quickly as battery manufacturing capacity is being brought online.
This dynamic has been exacerbated by lithium miners' difficulty securing traditional bank finance. Miners have said the metal's lack of price visibility and hedging made banks skittish.
And it's not just lithium - last week Syrah Resources, which is developing the world's largest graphite deposit, ended months of debt talks with an equity raising after not securing a facility on terms it was comfortable with.
"The capital being deployed into the sector is still not in tempo with the rate at which supply needs to grow just in order to meet demand, let alone exceed it," Galaxy Resources managing director Anthony Tse says.
Full article https://hotcopper.com.au/threads/latest-lithium-related-articles.3220922/page-19#post-27427740
CHINA 2030, page-11
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22.0¢ |
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Mkt cap ! $227.6M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.5¢ | 21.5¢ | $361.4K | 1.644M |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 75849 | 22.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 299170 | 10 |
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