Instead of being personal, you should find out why the sector is suffering and why AVZ has dropped so much?
Did I post before, It's easy to make gain while a stock at early stages?
Huayou share price dropped from 94 to 26;
Tianqi Lithium share price dropped from 68 to 27...
The electric vehicle future is bright but lithium sector has experienced a reality check. I think it needs electric vehicle mass adoption to fuel the lithium sector, probably over next few years.
The Chinese domestic lithium hydroxide price fell by 1.5% on Thursday February 28 due to unimproved downstream demand while the lithium carbonate market was steady week on week after most producers stood firm on offer prices.
Japanese carmaker Honda has set itself an ambitious target that hybrid electric vehicles will make up half of its output by 2030, while sourcing its raw materials responsibly and seeking transparency in the market for cobalt for use in batteries.
Neometals sold more material year on year in the fourth quarter of 2018, with 94,000 tonnes of spodumene produced and a price of $931 per tonne cfr achieved.
The growth in demand for electric vehicles has pushed Japanese electronics manufacturer Panasonic to investigate investments in battery raw materials, but this will not include the purchase of a mine.
The domestic Chinese battery-grade lithium hydroxide spot price fell by more than 3% in the week to Thursday February 21 although the carbonate assessment held firm – a pattern that was reversed in the seaborne market, where the carbonate price dropped week on week and the hydroxide price was steady.
Canada’s North American Lithium has halted lithium spodumene production temporarily because of the fall of $200 per tonne in prices for the commodity in the Chinese market over the second half of 2018.
