LRS General Discussion, page-17177

So a big rebalanced trade in closing auction, what does it mean for next week?

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From a weekly perspective, a small gain from 21 to 22. Still playing in same zone of 20 and 24. So more of a status quo this week, but on a slightly positive note. Li macro movement still driving our play for now. The rebalancing could work both ways. Positive that now many entities need to hold us. Negative we come into the eye of shorters. So if things don't go well in Li sector, then it doesn't help. But if things turn around, we could see a much bigger and faster rise.

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So what can change? Either a positive announcement for us, or Li macro making good strides. Over all we would want Li macro to do well. Because if that is not, then even our announcement could get buried somewhere. But the Li macro is improving. But ALB is not going over 128, and then 150. We need that. Spot price going in right direction, so it could just be a matter of time. And that will give us a big boost, first play 28 then. Will that happen? Let's hope so. Enjoy your weekend and all the best.