Weekly data and thoughts. . . Lithium Sector Overview- . . From a weekly perspective, INR remained flat on 17. No direction. When it had reached early 20s and I wrote it may play macro, many tried to shut me down. Well, here we are, whether we want to accept or not, bash someone or not.. . Major price action indicators though are not bad -
ALB - Gain of 5% for the week, moved from 77.37 to 81.21
Ganfeng - Gain of around 2.5% from the week - moved from 35.10 to 36.01
PLS/LTR - Loss of around 3% for the week
Spot Price - Down slightly for the week
. So what do these numbers say? Chinese play is positive. ALB has dodged a bullet coming close to its 52 week low but now over 80, a psychological number. rest of the players very indecisive at this stage. This can lead to slight decline, which we say in most ASX Li play this week. . So what may happen next week? If the way Chinese Li stocks are playing, and ALB recovering, if it continues for another week the danger of making fresh lows would have been averted. So lets hope it plays out that way. . . Here is the Figures for the Week:.. .
INR Price at posting:
17.0¢ Sentiment: Buy Disclosure: Not Held
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