Hi Galacobre, Just reading this article from last week. Good to see that we’re not the only ones joining the lithium party. ORE doesn’t seem to be anywhere on Shortman’s hit list this week. Was number 99 last week. Doesn’t look as though ORE will be inheriting many of Galaxy’s shorters anytime soon.
Broker slaps buy ratings on all its lithium stocks
JPMorgan has five ASX-listed lithium players under its coverage including Mineral Resources Limited(ASX: MIN), IGO Ltd(ASX: IGO), Galaxy Resources, Pilbara Minerals and of course, Orocobre.
This morning, the broker was overweight on all five lithium players, according to the Australian Financial Review.
This renewed bullishness was underpinned by the view that “there will be 19 per cent a year increase in demand for lithium over the coming 10 years, on a compound annual growth rate basis, based on demand for electric vehicles and batteries.”, according to JPMorgan analysts.
“That means supply will struggle to keep up, and the analysts said they would see a deficit beyond 2030.”
The conviction from JPMorgan analysts seems to have resonated strongly with the record setting Orocobre share price on Tuesday.
Just reading this article from last week. Good to see that we’re not the only ones joining the lithium party. ORE doesn’t seem to be anywhere on Shortman’s hit list this week. Was number 99 last week. Doesn’t look as though ORE will be inheriting many of Galaxy’s shorters anytime soon.
