GLN 2.63% 18.5¢ galan lithium limited

Compelling opportunity, page-5145

  1. 34,330 Posts.
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    Sometime sitting back and watching, is wonderful.
    This investment doesn’t need to worry about, it will hit a fresh high in the coming months, I believe.
    At lithium carbonate price USD$27,000 per ton, HMW is valued at $6 per share by Canaccord.

    Currently Chinese spot price is USD$78,000 per ton, although it will not last forever for sure, but USD$25,000 per ton is not a bad long term price, imo.

    Here’s comment from former IMF VP,
    “The cumulative price of commodities in 2021 has already accounted for 2% of global GDP, which was almost unimaginable before. The rise in commodity prices is equal to the redistribution of wealth, accounting for 2% of global GDP, and the growth of global GDP is only more than 5%. incredible. The price fluctuations of commodities are related to the total volume. Everyone only sees the price of oil rising to $100, but does not see how much the total volume has increased. This scale is huge. Mainly coal, natural gas, strontium, nickel, copper, etc. At the same time, due to the rise of rare metals, the transition to carbon neutrality has caused a sharp rise in rare metals, a sharp rise in prices, and a rise in rare metals. Monopoly and populism. For example, copper, nickel, and lithium are the most powerful, which may increase by 40 times. Now the battle for resources of lithium is very big. Some people may say that because of the Ukraine crisis, carbon neutrality may be slowed down, but not necessarily, the process of removing natural gas, coal, and oil may be accelerated because of this. So the demand for rare metals is very strong in the future.”

    At least it indicates lithium carbonate price will stay strong and high commodity prices are unlikely to stop carbon neutrality, in fact high crude oil price is likely to accelerate EV mass adoption.

    All imo.

    All the best!
 
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Last trade - 16.10pm 17/06/2024 (20 minute delay) ?
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