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if coming qtr can see improvement in profit or if can return to black will be better....new plant only 2nd half this yr can start commissioning more for EV demand now mostly rely on current market demand and POSCO's deal...hence the potential for long term...
52 weeks lowest was 0.068 and highest was 0.19...technically it's uptrend cycle since 10Jan...still got pressure point at 0.17 and if only can hit 0.19 onwards then confirm new high..bankers fund on the rise since 9-10 Feb hence the increase too...could also be some insider news coming out too...let's see
overall on uptrend but this stock has got big share floats so not easy to move it just like Dnex last time, need big funds to move it...as for me long term due to their supply deal to Tesla, Toyota, Posco, local and international demand.their new plant also will be ready in 2H to cater for EV demand...hoping for turnaround to return to black
Just in China for car sales alone. Overall sales in the world's biggest car market rose to 2.53 million vehicles in January, data from the China Association of Automobile Manufacturers (CAAM) showed.
Sales of new energy vehicles (NEVs) in January reached 431,000, for an annual increase of 135.8%, according to the data.
Imagine car industry of such globally together with other industries using copper rod/products...that's a huge potential.