Hate to create a new thread however I feel investors are distracted by one the biggest developments and reasons for investing - the ever increasing LCE price ( and therefore spod prices)
The markets are in for a rocky ride with economies moving to higher interest rate environments. Risk sensitive assets will pull the index to lows and no doubt Lithium stocks will get caught up in the hype.
But as long as LCE prices increases, pressure builds and builds.
Todays LCE Price:
Thats a gain of 7.8% in one week which followed up the gain of 5.7% the week prio.
Current LCE price is 56k USD
LPI recently used 22k USD for their NPV, Prior to that GLN used 18k - Will AVZ go big? If so our NPV will be closer to double digit billons (10b?)
As long as these prices stay high, the pressure builds for both AVZ as well as the DRC
I hope we can use this thread to discuss lithium price developments
AVZ Price at posting:
73.0¢ Sentiment: Buy Disclosure: Held