MS need to create more fake news like this in an attempt to trap...

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07/08/18

16:08

Post #: 34779294
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Originally posted by Stealth ↑

MS Propaganda machine at it again!!!

Desperate to claw back those shorted shares???

Brace for ‘looming oversupply’ of EV metals
Morgan Stanley warns of a “looming oversupply” of battery materials.
Cobalt is down 30pc since mid-March and lithium carbonate is off 41pc in the same period, moves that can only partly be explained by a weakening yuan.
“Both markets had been trading close to record highs in recent months, suggesting inventory building as EV-fever took hold,” says Morgan Stanley’s Susan Bates.
“That inventory is now being drawn down, but other factors suggest lower prices may persist beyond the short-term de-stock.”
She points to a 10pc month on month fall in China’s new energy vehicle output as a sign that the removal of subsidies is driving output cuts.
Besides the upheaval in China’s EV industry, China’s falling lithium price is partly attributable to Qinghai’s growing brine capability, which is reportedly being sold at aggressive prices to gain market share, Ms Bates adds.
In her view, persistently lower prices in China will ultimately put downward pressure on pricing elsewhere, and a rebound in cobalt’s price also grows less likely as its market moves into surplus from 2019.

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MS need to create more fake news like this in an attempt to trap more investors into giving up their shares so they can close their short market manipulation position. Galaxy is adding value and attracting investors and deserves to have this reflected in its SP but unfortunately we have the bullies complete latched onto the company like a leech. It is as if we have a parasite as many have said.

GXY Price at posting: $2.74 Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

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