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Bullboard - Stock Discussion Forum Neo Lithium Corp NTTHF

Neo Lithium Corp is engaged in the business of exploration operations. Its principal business activities are the exploration and development of resource properties. Its project includes the 3Q project. It operates its business in the countries like Canada and Argentina, however, most of the revenue is generated from Canada.

OTCQX:NTTHF - Post Discussion

Neo Lithium Corp > Lithium Producer News
View:
Post by tiger2201 on Mar 31, 2021 8:06am

Lithium Producer News

China's Ganfeng sees lithium rally extending as profits almost triple

https://www.miningweekly.com/article/chinas-ganfeng-sees-lithium-rally-extending-as-profits-almost-triple-2021-03-31

The postponement of lithium project expansions in South America - due to the impact of the pandemic and previous demand forecasts - will to some extent "slow down the growth of short-term lithium compound supply and create conditions for an improved pricing environment in the future," Ganfeng said.

The industry is "gradually shifting from a balanced supply and demand to a tight supply situation," it added.

tiger

Comment by neosceptic on Mar 31, 2021 11:09am
Thank you, tiger for the post. Not trying to be overly optimistic, but we maybe entering phase 2 of s/p increase. First phase is always more powerful, when commodity prices are rising. All involved in commodity benefit. Second phase, when producers begin to publish profit reports. Though it all connected to phase one, market inneficiency plays role (when a commodity prices fallen the opposite is ...more  
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