Quote from stockheads newsletter today"The idea’s been met in...

Quote from stockheads newsletter today
"The idea’s been met in the * newsroom with scepticism (Yeo, Adams) and derision (Farquhar, Chiat) and even a little confusion (me and Gregor) but this report that China’s BVD Co has struck some kind of agreements to snap up six wonderfully potent and ready to roll African lithium mines (that can produce over 25 MTPA of lithium ore and deliver first Li next month) is the ‘real reason’ why so many brave wee lithium stocks have been ‘obliterated’ The Australian says, attributing the idea to Shaw & Partners analyst James Nicolaou.

“Even from an industry perspective, this would have a huge impact to the current market dynamic, as these lithium mines could meet the need for production capacity of Chinese EV industry for at least several years,” Mr Nicolaou told the Oz.

“So in other words, would mean that China would have their own direct Lithium supply and capacity sorted as the rest of the world scrambles to secure supply.

”What we do know is ASX lithium miners fallen today and dragged the spunky little firefighter we call the XEC down with them."