FYI: From http://www.indmin.com
"Leading Chinese lithium carbonate supplier Ganfeng Lithium put up its prices for a second time in the space of a month last week, prompting industry peers to follow suit as rising demand for the material from the EV battery industry continues to support the market.
....The company raised the sale value of its material by nearly 17%, from Chinese renminbi (Rmb) 60,000/tonne ($9,470/tonne*) to Rmb 70,000/tonne ($11,049/tonne)."
Has to be good for LIT/EMH. Last time I looked it was about US$6000/t, up 83% since then. The LIT SP was about 6.5c then, up 47C% now. The 12c we achieved recently would be closer to the mark based on Li Carbonate price rises but would still be inadequate given the companies European and Australian prospects.
A while ago, I suggested to the CEO that it would be good to have a brokers report on LIT. He wasn't ready to say when that might occur at the time but it's hard for shareholders to estimate LIT's intrinsic worth. very much bigger than the MCAP obviously.
FYI: From http://www.indmin.com "Leading Chinese lithium...
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2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $27.32M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.2¢ | 2.1¢ | $20.7K | 985.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1821837 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 1022833 | 7 |
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| LIT (ASX) Chart |