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LRS General Discussion, page-15404

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GARETH78

7,882 Posts.

2802

05/12/23

17:37

Post #: 71285975
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Originally posted by onlystock: ↑

Had a talk with a friend who has connections with Future trading in China.

Lithium carbonate Future is manipulated. Long positions are squeezed by Short positions at the moment. Similar situations happened many times in China for other products.Basically it's in Squeeze phase. Real Lithium carbonate price is going down due to the Future depression, but it goes much slower, it's stil in the range of 125,000 ~ 130,000.

Lithium carbonate Future might go down further due to the nature of China's Future market. Some high cost LC producers paused or slow down production, so the price will hold soon. There are no enough Lithium carbonate stock for Future Delivery in January, most investors will close positions before the end of December, but they will squeeze until the last minute.

Another good sign is that China Lithium stocks bounced back in last two days even LC Future went down sharply. High cost producer will be phased out while the low cost will survive and boom.

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Asian stocks are not seeing anything like the sell off here.

Ganfeng is exposed predominantly to mining and conversion. Its up.

LRS Price at posting: 17.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 25.0¢		Change 0.000(0.00%)		Mkt cap ! $699.8M

Open	High	Low	Value	Volume
24.5¢	26.5¢	24.5¢	$1.810M	7.087M

Buyers (Bids)

No.	Vol.	Price($)
8	268513	25.0¢

Sellers (Offers)

Price($)	Vol.	No.
25.5¢	75565	3

View Market Depth

No.	Vol.	Price($)
8	268513	0.250
14	418583	0.245
10	414688	0.240
11	641670	0.235
10	610581	0.230

Price($)	Vol.	No.
0.255	75565	3
0.260	161041	6
0.265	578771	15
0.270	878201	14
0.275	915972	8

Last trade - 16.10pm 29/05/2024 (20 minute delay)


Last 25.0¢			Change 0.000 ( 1.75 %)
Open	High		Low	Volume
25.0¢	26.5¢		25.0¢	2407011
Last updated 16.00pm 29/05/2024 ?

LRS (ASX) Chart