It’s a great news for lithium stocks as Biden just announced an aggressive EV plan overnight.
Current EV penetration rate in US is probably 3%, Biden set 50% by 2030.
Europe and China are currently exceeding 10%.
pre Covid annual new car sales, is above 80 million. (Last year global new car sales 76m units)
China: 27m
Europe: 21m
America: 17m
It’s very pleased to see all governments of these countries are pushing hard to go with electric cars.
this will drive lithium demand 5 times in 9 years, imo.
Global lithium demand in 2020 was about 400,000 tons LCE, of that, 180,000 t LCE from EVs.
For achieving 50% EV by 2030, that would require 2,000,000 t LCE alone for EVs annually from 2030.
Back to GLN, it’s not a retail stock anymore, broker data show institutions dominated the trading volume.
Tuesday’s big volume pushed to $1.19, JP Morgan bought 830k, UBS had been doing bots for a long time.
Thanks for those saying kind words to me.
It’s a public forum, every info needs to be verified by fellow readers, obviously human is always biased in one way or the others. NEVER make investment decisions based on HC posts.
- Forums
- ASX - By Stock
- Compelling opportunity
It’s a great news for lithium stocks as Biden just announced an...
-
- There are more pages in this discussion • 3,363 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GLN (ASX) to my watchlist
(20min delay)
|
|||||
Last
13.5¢ |
Change
0.005(3.85%) |
Mkt cap ! $77.48M |
Open | High | Low | Value | Volume |
13.5¢ | 13.8¢ | 13.0¢ | $131.3K | 973.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
31 | 1058961 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.5¢ | 132477 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
31 | 1058961 | 0.130 |
22 | 1349934 | 0.125 |
33 | 1621773 | 0.120 |
13 | 3819835 | 0.115 |
32 | 2126035 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 141514 | 6 |
0.140 | 552713 | 14 |
0.145 | 765664 | 15 |
0.150 | 430409 | 7 |
0.155 | 369993 | 9 |
Last trade - 11.03am 14/10/2024 (20 minute delay) ? |
Featured News
GLN (ASX) Chart |