IGO STRONG FINISH FRIDAY, page-50

Finance News Network:
'Lithium companies in the US were weaker, with Albermarle down 3 per cent, Livent 3.7 per cent and Lithium American 3.8 per cent. It appears that lithium, one of the markets biggest momentum trades is now being targeted by hedge funds.'
'In Australia today watch out for the continued short-selling attack on lithium companies like Lake Resources (ASX:LKE) and Core Lithium (ASX:CXO), with J Capital issuing its latest short report on Monday, targeting Australian lithium producer Lake Resources. Of course these reports are always released after the event – post J Capital already securing a short position in the company. Both Core and Lake have around 8-9 per cent of their issued capital short sold at present – with both stocks only recently moving into the ASX200 – an event that has made scrip readily available to borrow for short sellers. '