GXY 6.40% $3.51 galaxy resources limited

squeeze please, page-28

  1. 601 Posts.
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    yeah .... China car sales is improving from -ve growth to +ve, probably helped by gov't policy that encourages rural folks to upgrade their cars (like from a 3-wheller to EV).
    More EV sales would increase demand for battery and spod will sell for a higher price.
    Since mid Dec 2018, the major converters listed in China seem to be building a floor, not falling like all of last year yet not trending upward either. Car makers there seem to be slowly trending up.
    So the CN car industry is still hanging on. 
     
 
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