Core Lithium Ltd [ASX:CXO] share price was up today by more than 7% on early trade after announcing they are buying six ‘highly prospective’ mineral leases located next to their 100%-owned Finniss Lithium Project.
Obviously, the more the price of lithium runs, the more producers will get into the market, and at one point, supply will catch up.
From Afterpay [ASX:APT] to Vulcan Energy Resources [ASX:VUL], BNPL and lithium stocks are under heavy selling pressure today as markets worry about Omicron and inflation.
Novonix [ASX:NVX] shares fell 25% before entering a trading halt, while BNPL stocks Openpay Group [ASX:OPY] and Splitit Payments [ASX:SPT] rose on trading updates.
Ganfeng Lithium Co and CATL were embroiled in a bidding war recently for Millennial Lithium Corp, a company with assets in Argentina. In the end, it was Lithium Americas who swept in at the 11th hour, buying the company for US$400 million.
We examine Wednesday’s updates from Liontown Resources [ASX:LTR], Argosy Minerals [ASX:AGY], and Firefinch [ASX:FFX].
Fat Tail Daily is brought to you by the team at Fat Tail Investment Research
Copyright © 2026 Fat Tail Daily | ACN: 117 765 009 / ABN: 33 117 765 009 / ASFL: 323 988
