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0.00% $5.28 galaxy resources limited

Although the China spot price for various lithium products has...

  1. sensible123
    495 Posts.
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    15/08/19
    23:21
    Post #: 40009937
    Although the China spot price for various lithium products has little relevance to the real contract price, good to see some green shoots appearing (has been all red sea for quite a long time), I predict the spodumene price to turn green very soon based on the latest sizeable price increase for 523 and 623.

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    44.gifNCM -523 Delivered China--2.65%6.79%5.05%0.91%-6.07%-18.02%44.gifNCM -622 Delivered China--2.48%6.35%4.83%0.90%-6.00%-12.63%44.gifLNCMO -523 Delivered China--1.69%3.51%0.74%-2.64%-8.75%-18.68%44.gifLNCMO -622 Delivered China--1.45%3.12%0.42%-4.16%-9.28%-18.62%44.gifSpodumene -Li2O 5%min CIF China--0.00%-2.17%-2.89%-3.79%-8.18%-14.94%44.gifLithium Metal -99%min Delivered China--0.00%-0.42%-1.96%-3.78%-7.57%-14.62%

    GXY Price at posting: $1.16 Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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