CXO - Chart Thread, page-1735

Given the relative market cap's of Core and Albemarle in the US (ALB), what Core does will not influence ALB's price, but what ALB does may represent market sentiment towards lithium and impact Core's price.

Over the last few weeks, Core's price movements and ALB's movements have closely aligned in direction. The relative size of Core's movements has been larger. From mid November ALB's (in blue) has had a bump, dip, a little spike and a further dip. Core has been similar.

Also, despite there differences, it would appear some of the market is bundling LTR and Core together. I don't think its a coincidence that the sharp drop in Core's price is at the same time as LTR's very sharp dip. Both will have an influence from the international ALB factor. Also with LTR raising a lot of new capital this money needs to come from somewhere. Some will be completely new to sector money, but other bits will be recycled within-sector money. A part of this recycling within-sector money process is selling Core and others to fund LTR's capital raise.

This doesn't change the fundamentals of Core so should disappear fairly quickly as a pricing factor.