Also one might add, that we are currently in a lithium shortage, as well as that two of the major lithium distributors Albemarle and Tianqi, that have a JV in the largest lithium mine (Tallison) at the moment, are raising the lithium commodity price to the historically highest levels (rumors are the Chinese government objects that harshly). This combined with Galaxy Resources commencing shipment of their product in April, makes their commodity extremly sought after by converters. A good number of virtuals managed to elevate their stock price just on mere MOU's (e.g. BCN, REM, PE), Galaxy however is a junior lithium producer, but not a virtual one, which makes this stock well worth of being invested in.
- Forums
- ASX - By Stock
- GXY
- GXY
GXY, page-6
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)