SQM, one of the best sources as a barometer of the lithium market says "Demand for the metal is set to grow by 600,000-800,000 tonnes of lithium carbonate equivalent over the next 10 years" and Automakers have "legitimate concern" about sourcing raw materials for the EV shift.
https://www.reuters.com/article/met...t-10-bln-investment-over-10-yrs-idUSL3N1RV4RP
Keep in mind that SQM wont likely expand beyond 100k for the reasons outlined in the article below, leaving a large supply gap: https://seekingalpha.com/article/4149992-2-early-lithium-companies-management-succeed
And another report: http://resourceworld.com/index.php/why-canaccord-is-still-bullish-on-lithium-equities/
Eventually all this positive news will reach a tipping point, and I think the market will turn in Q3.
SQM, one of the best sources as a barometer of the lithium...
Add SYA (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
4.0¢ |
Change
-0.001(2.44%) |
Mkt cap ! $422.0M | |||
| Open | High | Low | Value | Volume |
| 4.2¢ | 4.2¢ | 4.0¢ | $1.124M | 27.51M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 66 | 5197243 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.1¢ | 4108326 | 52 |
View Market Depth
| Last trade - 15.22pm 06/06/2024 (20 minute delay) ? |
|
|||||
|
Last
4.0¢ |
Change
-0.001 ( 2.91 %) |
||||
| Open | High | Low | Volume | ||
| 4.2¢ | 4.2¢ | 4.0¢ | 21086578 | ||
| Last updated 15.40pm 06/06/2024 ? | |||||
| SYA (ASX) Chart |