Catching the Falling Knife, page-4

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dyeman

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09/08/18

08:59

Post #: 34821717
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Originally posted by FROG ↑

Better times ahead.If this does not put some doubts in the minds of shooters ,I’ll be surprised!

https://www.cnbc.com/2018/08/07/pr-...nd-raises-guidance--lithium-powers-ahead.html
ALB up 6.24%

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From a new interview with Andrew Barber, Orocobre Investor Relations Manager: (http://www.metalsnews.com/t1230189i)

The lithium market is still really strong. There's been a bit of noise over the last five to six months, with some of the spot market pricing coming off a little bit. It's important to recognize that spot market pricing only reflects a very small part of the traded volumes of lithium carbonate. Probably only around four or five percent of total traded volumes go through the spot market. The underlying contract market, in which all the major producers, like ourselves operate, continues to see significant strength. The battery-grade lithium carbonate and lithium chemicals remain in high demand and generally in under supply. We expect that that situation will continue. There is some discussion about new supply of lithium out of hard rock mines, particularly out of Australia.

We see that that new supply will be constrained by the availability of Chinese conversion processing plants in China. We've done a significant amount of analysis of that industry, on which it is quite difficult to get information. But it's becoming clear to us that there is going to be a significant bottleneck that will constrain the delivery of lithium chemicals into the market. So that's going to mean that lithium chemical prices will remain high in the short to medium term.

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ORE Price at posting: $4.34 Sentiment: Buy Disclosure: Held
10 Upvote

0 Great analysis

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Catching the Falling Knife, page-4

Top Stories

Breaking news: New opportunities for investors & companies - HotCopper opens to capital raising!

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

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