The sell off in Lithium stocks were due to the announcement Potash Corp selling 32% stake in SQM the biggest producer of low cost Lithium in the world sent ripples thru the market on Thurs and also news of the ramping up of production.
UBS analyst says the SQM deal won't affect lithium supplies for the next 4 or 5 years given the time required to build the expansions so no need to worry
Monday all Lithium stocks looks likely to rebound!!!
Have a great weekend all!!!
LRS chart, page-59
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Last
15.5¢ |
Change
-0.015(8.82%) |
Mkt cap ! $433.9M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 16.5¢ | 15.0¢ | $3.347M | 20.57M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 348486 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 739708 | 11 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| LRS (ASX) Chart |