General Discussion AGY, page-24628

Weekly data and thoughts.
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Please not that all my views are for short-term only, and I could be wrong, so please dyor.
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Lithium Sector Overview -
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And no respite yet for AGY, going thru a very rough period. Made a new 52 week low at 2.2 this week. A far cry from 80s only a few years back. From a weekly perspective, moved from 2.4 to 2.3. Playing Li macro diligently, on the weaker side. It needs Li macro to reverse, in a strong way, else I don't know. Not playing most Li stocks for now as not getting confidence. Small very short-term plays in couple for me.
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Major price action indicators are mixed -

• ALB - Loss of 2% for the week, moved from 77.03 to 75.51. Also made a new 52 week low at 67.23 this week. Recovered a bit though.
• Ganfeng - Gain of around 0.7% for the week - Tianqi gained 1.5
• PLS/LTR - PLS lost 5% but LTR lost 1% - new 52 week low for PLS at 179.5 on Friday
• Spot Price - Down slightly for the week, I think around 0.2%

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So what do these numbers say? Chinese Li stocks have held the price, and hopes. Ganfeng is roughly 50% up from its lows. Not many US and ASX Li stocks can claim that. So there is hope that US/ASX Li stocks catch up. But it was not to be this week, even though Ganfeng is doing green weeks in succession. But barring ALB, many other US Li stocks finished in green for the week. So there are signs of coming back. But if Chinese stocks falter, there could be more pain.
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So what may happen next week? US and ASX Li stocks are still in the grip of going down, something I wrote last week as well. All hopes on Ganfeng and other Chinese Li crews. On Friday, US Li stocks had a moderate drop. General markets moderate gain. So a tentative start on Monday, and then wait for Chinese stocks to provide direction.
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Here is the Figures for the Week:.
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