AGY
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8.14% 9.3¢ argosy minerals limited

I think that we can safely say that the Chinese spot price does...

  1. Surferxxl
    521 Posts.
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    25/08/23
    10:43
    Post #: 69544892
    I think that we can safely say that the Chinese spot price does not have much relevancy to buyers and sellers outside of China.

    Particularly when you see a divergence in Chinese spot to actual sale prices in the West.

    From our spodumene friends in the West today - 87% increase in realised sales price compared to last FY -

    https://hotcopper.com.au/data/attachments/5537/5537510-6b66c170b478c8f72ee1d3ff5b2378b1.jpg

    Yes, I know who they sell to, but the fact remains in the increase in sales price.
    Last edited by Surferxxl: Update 25/08/23
    AGY Price at posting: 26.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 9  Upvote
    lightbulb Created with Sketch.  Great analysis
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