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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From a weekly perspective, AGY remained flat at 2.3. Li sector is still not convincing. For last few weeks, only two Li stocks I have been playing - WC8/PMT. Because they do wild swings, have lot of liquidity. So just doing swing trades in those 2 for now in Li sector, but not big. The sector, just not lithium but many other risk based commodities in real strife. Only safe thing to play in last couple of years has been gold. So the wait continues.
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Major price action indicators are mixed -.
- ALB - nearly flat, a very small drop, moved from 75.51 to 75.23
- Ganfeng -Loss of around 0.5% for the week - Tianqi lost 1.5 - so exact opposite for both from last week
- PLS/LTR - PLS gained 1%, LTR gained 2% - so another sign of plateauing
- Spot Price - Down slightly for the week, I think around 0.3%
So what do these numbers say? I feel the sector is reaching another indecisive state. Something similar I found in my analysis for Uranium sector. The steady down turn has been arrested, but no clear signs of reversal yet. Best hopes still lie with the Chinese Li stocks to take the lead. Ganfeng is still close to 50% from its 52 week low, so that's a very good number. Most US and ASX Li stocks are much closer towards their 52 week lows. So best play still, as I have been writing last few weeks, is Chinese Li stocks to take the lead, US/ASX Li stocks to do a catch-up. Ganfeng to stay above 37.50, ALB close to 81 to be above 20% of its recent low. Till these happen, the cat and mouse game may continue.
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So what may happen next week? On Friday, US Li stocks had a decent gain. General markets also very good gain gain. So a bright 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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AGY
argosy minerals limited
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1.5¢

Weekly data and thoughts..Please not that all my views are for...
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Last
1.5¢ |
Change
0.001(7.14%) |
Mkt cap ! $21.83M |
Open | High | Low | Value | Volume |
1.4¢ | 1.5¢ | 1.4¢ | $11.39K | 785.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
26 | 6012069 | 1.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.5¢ | 1994851 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
25 | 5832069 | 0.014 |
10 | 3337076 | 0.013 |
10 | 3021411 | 0.012 |
5 | 3090000 | 0.011 |
8 | 3349700 | 0.010 |
Price($) | Vol. | No. |
---|---|---|
0.015 | 1984601 | 12 |
0.016 | 2066231 | 10 |
0.017 | 1846947 | 10 |
0.018 | 1085239 | 14 |
0.019 | 2569046 | 11 |
Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
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AGY (ASX) Chart |