Updated: Aug 23
By Rob McCammon (Twitter @RobMcCammon1)
Here we are starting the week of 8/23 and last week was the pullback we expected. With everything in the news, that was to be expected.
So, for the past three weeks we at Charge Talk have started a lithium index. Right now it is 7 companies. We track the stocks over the prior weeks. This is the ChargeTalk Lithium Index. (better naming may happen here).
Last week we saw a drop 8.98% for an index of 372.18, down from the booming week before of 408.90. I will say that this was much better than it would have been on Wednesday.
Last week saw everyone decline with Piedmont leading the way with -19% followed by SLI at -17.
The seven stocks we will be tracking are:
ALB - Albemarle. Runs numerous operations world wide and the only active Lithium operation in the US.
GALXF - Galaxy Resources. Technically a junior miner, but has three operations so they aren't too small.
LAC - Lithium Americas. Thacker Pass will be the largest mine in the US if it is approved. They also have a mine in Argentina.
LTHM - Formerly FMC Lithium. One of the big boys.
PLL - Piedmont Lithium. Gaston County North Carolina Project
SLI - Standard Lithium. DLE project in South Arkansas.
SQM - A big producer from South America.
As always, thanks for reading. I hope this helps. Our goal at Charge Talk is to build understanding so you can understand what you are investing in. Any comments? Hit us up.
Checkout the Charge Talk Podcast!
Watch our videos on YouTube! Like & Subscribe to our channel.
Life is busy! Listen to the Charge Talk podcast on the go, for free!
Let's connect! Follow us on Twitter!
Tweet us your questions and comments. We want to hear from you.