Normal
Good afternoon,This is article is all about China's reliance on Lithium Carbonate.[URL unfurl="true"]https://www.mining.com/web/china-lithium-probe-puts-spotlight-on-reserves-and-esg-risks/[/URL]Interesting read, written for Boomerang News on Friday (10/03/22). Can be interpreted in a number of ways, but certainly provides weight, for mine, some insight, as to China's carbon footprint on the balance with using/ finding more high-grade Lithium. As most people would probably be aware, China has some major carbon issues and according to that article it has some major Lithium mining planned to cater for its unsatiable demand.[URL unfurl="true"]https://worldpopulationreview.com/country-rankings/carbon-footprint-by-country[/URL]Now rcw1 is no rocket scientist, far from it... image that ha ha ha ha ha .... but there is no way China is going to get enough of the stuff to compliment a uniform reduction in their Carbon Footprint to medium term, moreover satisfy its demand. They got to look to outside, the external market, moreover, according to the Boomerang article, "... despite a drop of over 40% from its November peak, lithium carbonate, a refined version of the metal, is still eight times more expensive in China than it was in 2020."Kerry Sun has written an article for Market Index on 7 March 2023 providing a summary on Citi's downgrading of its zero to twelve month outlook for lithium prices.[URL unfurl="true"]https://www.marketindex.com.au/news/citi-further-pain-on-the-horizon-for-lithium-prices[/URL]Citi has downgraded its zero to three month point price for lithium. This includes::Lithium carbonate from US$60,000 to US$40,000Lithium hydroxide from US$62,000 to US$45,000The investment bank has also downgraded its six to twelve month point price:Lithium carbonate from US$55,000 to US$50,000Lithium hydroxide from US$57,000 to US$53,000What does rcw1 believe? Prices go up and prices go down. Lithium price is no different. With spectacular upward trend, punters, would be alarmed, not so much regarding the rise, but as to whether or not this could be maintained for an extended period of time. Traders, Fast Traders and Investors hopefully cashed in accordingly in line with the market and their trading/investing methodologies. It is anticipated that the price would fall back consistent with demand and supply as per whatever reason(s) one tends to lean towards. Plenty been written on the subject and why's and the projections. Who would know for sure... Regardless, rcw1 will closely watch all Lithium stocks on watchlist. rcw1will continue to fast trade PLS et. al. on the SP rise, to take advantage of any highlighted momentum that is guaranteed. Have a very nice week.Kind regardsrcw1
Good afternoon,
This is article is all about China's reliance on Lithium Carbonate.
[URL unfurl="true"]https://www.mining.com/web/china-lithium-probe-puts-spotlight-on-reserves-and-esg-risks/[/URL]
Interesting read, written for Boomerang News on Friday (10/03/22). Can be interpreted in a number of ways, but certainly provides weight, for mine, some insight, as to China's carbon footprint on the balance with using/ finding more high-grade Lithium. As most people would probably be aware, China has some major carbon issues and according to that article it has some major Lithium mining planned to cater for its unsatiable demand.
[URL unfurl="true"]https://worldpopulationreview.com/country-rankings/carbon-footprint-by-country[/URL]
Now rcw1 is no rocket scientist, far from it... image that ha ha ha ha ha .... but there is no way China is going to get enough of the stuff to compliment a uniform reduction in their Carbon Footprint to medium term, moreover satisfy its demand. They got to look to outside, the external market, moreover, according to the Boomerang article, "... despite a drop of over 40% from its November peak, lithium carbonate, a refined version of the metal, is still eight times more expensive in China than it was in 2020."
Kerry Sun has written an article for Market Index on 7 March 2023 providing a summary on Citi's downgrading of its zero to twelve month outlook for lithium prices.
[URL unfurl="true"]https://www.marketindex.com.au/news/citi-further-pain-on-the-horizon-for-lithium-prices[/URL]
Citi has downgraded its zero to three month point price for lithium. This includes::
The investment bank has also downgraded its six to twelve month point price:
What does rcw1 believe? Prices go up and prices go down. Lithium price is no different. With spectacular upward trend, punters, would be alarmed, not so much regarding the rise, but as to whether or not this could be maintained for an extended period of time. Traders, Fast Traders and Investors hopefully cashed in accordingly in line with the market and their trading/investing methodologies.
It is anticipated that the price would fall back consistent with demand and supply as per whatever reason(s) one tends to lean towards. Plenty been written on the subject and why's and the projections. Who would know for sure... Regardless, rcw1 will closely watch all Lithium stocks on watchlist. rcw1will continue to fast trade PLS et. al. on the SP rise, to take advantage of any highlighted momentum that is guaranteed.
Have a very nice week.
Kind regards
rcw1
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