Good News & Bad News, page-15

Asian EV stocks have been hit hard the past 5 days. Today again.These falls have been influencing the share prices of PLS, GXY and ORE over the past few days.

CATL ATH: CNY425
CATL current share price: CNY290
Down 31.76%
@30Jan21 - Down 16.70%
@31Dec20 - Down 17.41% YTD
The past 5 days - Down 14.70%

Ganfeng ATH: CNY149.30
Ganfeng current share price: CNY89.43
Down 40.10%
@30Jan21 - Down 19.76%
@31Dec20 - Down 32.22%
The past 5 days - Down 13.42%
Ganfeng were always on a sky high P/E. Rising raw material prices would be impacting on them to come back to reality.

Tianqi ATH: CNY70.13
Tianqi current share price: CNY36.11
Down 48.51%
@30Jan21 - Down 14.52%
@31Dec20 - Down 44%
The past 5 days - 15.79%
Tianqi is involved in legal disputes and financially strangled. A recent CR deemed unfair to minority shareholders, further crimped them. I'd expect them to eventually resolve financial problems. In the meantime, the IGO share price suffers. Probably a good entry time if you were considering them.

PLS ATH: $1.47
PLS current share price: 99c
Down 32.65%
@30Jan21 - Down 37%
@31Dec20 - Down 40.82%
The past 5 days - Down 10.81%

GXY 52 week high: $3.29
GXY current share price: $2.36
Down 28.27%
@30Jan21 - Down 18%
@31Dec20 - Down 32.22%
The past 5 days - Down 10.38%

ORE 52 week high: $6.06
ORE current share price: $4.66
Down 23.10%
@30Jan21 - Down 17.5%
@31Dec20 - 25.58%
The past 5 days - Down 8.63%


I don't think that POSCO are any less interested in forming a JV with PLS. Its a big investment and technological change is influential in that decision.

Piedmont trumpet the use of new Metso Outotec tech to reduce LiOH conversion costs by 33%. However, new Korean tech being developed could slash conversion costs by up to 85%.

Lithium Metal, Solid State, LFP, NFA, LNMO all seek to challenge NCM811 as top battery. Considering NCM811 was invented in 2011, it underlines the measure of new tech from Lab to mass production.

It must be hard for downstream managers to commit to investment. At least we remain comfortable in that Lithium is the raw material of choice ... and will be for a long time to come.


PLS, the Company, is powering. I think we underestimate how far ahead of the market we are informed on PLS's performance.

Our product (SC6) price is booming. Up another 1.96% again today.

http://www.asianmetal.com/LithiumPrice/Lithium.html

Our shipments are booming.

Other Companies CR to finance on questionable expansion plans. We CRed to buy an asset for a quarter of its current value (although admittedly you have to account for C&M costs and restart costs).

I'm very much looking forward to the next Quarterly Report and the Plant 2 assessment announcement due soon. With prices booming for SC6 (and implied profitability), we'd have to expect expansion plans announced to meet market demand.