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2.13% 4.8¢ askari metals limited

Hi,I read somewhere that the Chinese spot prices have very...

  1. Understatement
    548 Posts.
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    11/04/23
    18:15
    Post #: 67222220
    Hi,

    I read somewhere that the Chinese spot prices have very little to do with the overall market.

    Only a fraction of the global Lithium market is based on these prices.

    Contract prices are substantially higher.

    Spot deals are really useless for manufacturers. They need reliable long term supply and price level.

    In addition Tesla announced which vehicles will use Lithium batteries going forward:
    https://hotcopper.com.au/data/attachments/5190/5190607-a45f999dc53cc85f4e6e83a6a2c2b7c7.jpg


    K
    AS2 Price at posting: 40.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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