What I find interesting is that quite a few fund managers are saying there is going to be a big pickup in batteries usage this year . I presume that means both EV and large(r) stationary batteries. Now FT reports a 30% reduction in Li Usage due to less EV's sold in china which will be feeding into this Li price fall. I suspect part of the EV sales drop is a reduction of govt. incentives on EV price.
My position is, IGO should be able to shield margin on refined Li and playing it smart by no call on a Third Li refinery.
Further they haven't said anything about the Ni MSP or battery plant studies. I would expect those to dovetail with the end of the CEO search/decision. With St George and Essential as Li explorers to be fostered and the Greenbushes expansion IGO can steadily add value to Spodumene and other Li concentrate sourcing.
A buying opportunity is the offing but I don't know exactly how to optimise or even get the lion's share it yet.
All IMVHO. & GLTAH
New all time high, page-82
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$5.64 |
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-0.230(3.92%) |
Mkt cap ! $4.270B | |||
| Open | High | Low | Value | Volume |
| $5.76 | $5.84 | $5.64 | $26.26M | 4.603M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 28870 | $5.64 |
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| Price($) | Vol. | No. |
|---|---|---|
| $5.65 | 27843 | 1 |
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