Why has the Core Lithium share price fallen 26% in a month?

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Why has the Core Lithium share price fallen 26% in a month?

MotleyFool2023-01-03

The Core Lithium Ltd (ASX: CXO) share price has tumbled over the past month. Core Lithium shares have descended nearly 26% since market close on 2 December and are currently fetching $1.02. For ...

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SGboy
·2023-01-03
Thanks for sharing.
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For ...</p>\n\n<a href=\"https://www.fool.com.au/2023/01/03/why-has-the-core-lithium-share-price-fallen-26-in-a-month/\">Source Link</a>\n\n</div>\n","source":"motleyfoolau_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why has the Core Lithium share price fallen 26% in a month?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy has the Core Lithium share price fallen 26% in a month?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-03 10:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com.au/2023/01/03/why-has-the-core-lithium-share-price-fallen-26-in-a-month/><strong>MotleyFool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Core Lithium Ltd (ASX: CXO) share price has tumbled over the past month. \nCore Lithium shares have descended nearly 26% since market close on 2 December and are currently fetching $1.02. For ...</p>\n\n<a href=\"https://www.fool.com.au/2023/01/03/why-has-the-core-lithium-share-price-fallen-26-in-a-month/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4575","symbol_name":"芯片概念","start_time":0,"source_url":"https://www.fool.com.au/2023/01/03/why-has-the-core-lithium-share-price-fallen-26-in-a-month/","article_id":"2300104964","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2300104964","pubTimestamp":1672712867,"columns":[],"sourceInfo":{"source_id":"motleyfoolau_stock","name":"MotleyFool"},"weMediaInfo":null,"summary":"The Core Lithium Ltd (ASX: CXO) share price has tumbled over the past month. \nCore Lithium shares ha","collect":0,"end_time":0,"defaultTopTitle":"fool.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4575":"芯片概念","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","BK4554":"元宇宙及AR概念","BK4579":"人工智能","BK4515":"5G概念","BK4141":"半导体产品","INTC":"英特尔","BK4535":"淡马锡持仓","LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","BK4527":"明星科技股","BK4529":"IDC概念","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","BK4550":"红杉资本持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4512":"苹果概念"},"translate_title":"为什么核心锂股价在一个月内下跌了26%？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"INTC":1},"content_text":"The Core Lithium Ltd (ASX: CXO) share price has tumbled over the past month. \nCore Lithium shares have descended nearly 26% since market close on 2 December and are currently fetching $1.02. For perspective, the S&P/ASX 200 (ASX: XJO) has shed 4% in the last month. \nSo what has been going on with the Core Lithium lately? \nWhat’s impacted Core Lithium in December? \nCore Lithium is not the only ASX lithium share that has fallen in the last month. Pilbara Minerals Ltd (ASX: PLS) shares have slid 26% in a month, while Sayona Mining Ltd (ASX: SYA) shares have lost 19%. \nCore Lithium shares plunged nearly 30% between market close on 2 December and 28 December before finishing the year on a high. \nA bearish note out of Goldman Sachs may have weighed on the company’s shares in early December. The broker put a sell rating on Core Lithium with a $1 price target.  The commodity team at Goldman predicted lithium prices would start to fall in the second half of 2023. Analysts said: \nOur commodity team now expect lithium prices through 1H23 to reflect the near-term tightness and lagging spodumene contract price pass-through before declining over 2H23.\nElectric vehicle demand concerns, the performance of US lithium shares, and the lithium price also weighed on ASX lithium shares in December.  \nThe lithium carbonate price descended 15.6% from CNY 562,500 on 1 December to CNY 474,500 on 30 December.\nOn the US market, Livent Corp (NYSE: LTHM) shares have shed 24% in the last month, while Sociedad Quimica y Minera de Chile (NYSE: SQM) shares have lost 16%. \nIn positive news for Core Lithium in December, the team at Macquarie lifted its outlook on the Core Lithium share price to outperform with a $1.30 price target on the share price.  This implies a 28% upside based on the current share price. \nMacquarie is optimistic about the company’s ability to generate bumper free cash flow in the 2024 and 2025 financial years. \nCore Lithium loaded the first shipment of 1.4% lithium oxide direct shipping ore from the Finniss mine on December 30. The ship containing 15,000 dmt of lithium oxide is bound for China from Darwin. Core Lithium shares soared nearly 6% on this day. \nCommenting on this news, CEO Gareth Manderson said: \nCore has made good progress during 2022 to transition from a mine developer to lithium producer. In 2023 we will continue this transition and the work required to build a quality operating business.”\nCore Lithium share price snapshot \nThe Core Lithium share price has soared 73% in the past 52 weeks. \n\nCore Lithium has a market capitalisation of nearly $1.9 billion based on the current share price.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9950890623,"gmtCreate":1672711410162,"gmtModify":1676538723497,"author":{"id":"4093688471950400","authorId":"4093688471950400","name":"SGboy","avatar":"https://static.tigerbbs.com/53fad8dabfd576c90fe8050483aa504f","vip":1,"crmLevel":7,"crmLevelSwitch":1,"idStr":"4093688471950400","authorIdStr":"4093688471950400"},"htmlText":"Thanks for sharing.","listText":"Thanks for sharing.","text":"Thanks for sharing.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9950890623","repostId":2300104964,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":2,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}