The Gangfeng SP hit 27.68CNY at time of writing this. Its up some 25% in the last month and 44% off its 52wk low.
Their last profit announcement a month or so ago was less than flattering, especially after writing down their PLS investment.
AJM continue to plumb new lows and PLS similarly.
Ganfeng are a leading chemical converter, a bellwether for the industry. We saw in a recent PLS Corporate Presentation the rapid expansion of LiOH converters coming on line this year and the next.
If Stage 2 (of the EV Battery chain) profitability is expected to increase, then surely this will feed into raw material prices generally. Now is the time to buy both AJM and PLS, IMHO.
lithium pressure cooker, page-190
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Last
$3.07 |
Change
0.090(3.02%) |
Mkt cap ! $9.197B | |||
| Open | High | Low | Value | Volume |
| $3.05 | $3.09 | $3.02 | $74.82M | 24.46M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 750 | $3.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.07 | 10000 | 1 |
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| PLS (ASX) Chart |