Chinese investors going after my favorite lithium stock

[TraderTate + 186]

Been following Lithium X for a while now and looks like one of the best (if not THE best) picks out there among small-cap lithium stocks. Now the Chinese are after this one. Shares are halted for trading on the TSX. They're buying LIX for $206 million. 

https://www.ft.com/content/87819f3a-b21c-37d8-8018-b9c03330b1a9

 

 

[Seleskya + 50]

Chinese are on a major lithium and cobalt buying spree. Time to figure out their next target.

[TraderTate + 186]

what else have they bought recently?

[Selva + 252]

Probably all that is needed for electric cars. It's a global battery race and China is winning. 

[Vlad Kovalenko + 115]

Graphite could be their next step

[Adam Varga + 123]

China is already step ahead with graphite. This country is planning graphite Megafactories to meet demand for batteries storage. 

[Kate Turlington + 44]

Graphite is going to be huge, I think. As far as I know, EV and energy storage solutions need more tech-grade graphite even than they do lithium and cobalt. I also don't think the US produces any tech-grade graphite at all. 

[Carlsbad + 19]

I think most of the graphite in the world comes from China, but even they need a lot more. For investors, though, no idea what a good graphite play would be, or even if there is one in North America.

[Seleskya + 50]

Some juniors in the graphite arena who've had some recent news flow include: Northern Graphite, Kibaran Resources, Nouveau Monde Graphite and Archer Exploration.  

[Carlsbad + 19]

Never heard of any of them ...

[TraderTate + 186]

Worth looking into. All micro-caps. Northern Graphite and Nouveau Monde I believe are Canadian venture stocks (CVE and TSX), while Archer and Kibaran are ASX. Depends who is behind them. Management and backing is key for these micro ventures.