VIX over 21 for the first time in awhile

WWR related: China restricts graphite exports

https://www.cnbc.com/2023/10/20/china-top-graphite-producer-to-curb-exports-of-key-battery-material.html

TxAgLaw03RW said:

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WWR related: China restricts graphite exports

https://www.cnbc.com/2023/10/20/china-top-graphite-producer-to-curb-exports-of-key-battery-material.html

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Quote:

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After choking exports of chipmaking metals gallium and germanium, China is stepping up its efforts to maintain its manufacturing dominance by restricting exports of graphite, a key material used in electric-vehicle batteries. Beijing's move comes just days after Washington unveiled new restrictions on AI chip exports to China.

Dig deeper: Beijing will require special export permits for three grades of graphite starting December 1, the Ministry of Commerce and the General Administration of Customs said. Temporary controls on five less sensitive graphite items used in industries such as steel, metallurgy, and chemicals were dropped. The new curbs are "conducive to ensuring the security and stability of the global supply chain, and conducive to better safeguarding national security and interests," the ministry said. It clarified that it was not targeting any particular country. Top buyers of graphite from China include the U.S., South Korea, Japan, and India.

Bigger picture: The U.S. has been targeting China's access to advanced technologies over national security concerns, with the Biden administration issuing rules in Sept. to regulate U.S. investments in China in semiconductors and microelectronics, quantum information technologies, and AI. Beijing has pushed back by leveraging its dominance over certain materials. To note, China is the world's top graphite producer and exporter. It also refines over 90% of the world's graphite into the anode material used in EV batteries - the largest component by weight in such batteries.

Ivan Lam, senior analyst at Counterpoint Research, does not expect a major impact in the near term, as graphite exports haven't been completely banned. But he said the material's prices will likely increase due to supply and demand imbalances, including Russia - which was once a major graphite supplier. CLSA's Christopher Richter said it would be a "bold" step to cut the world off from graphite, as that would likely bring EVs to a halt everywhere and probably escalate tensions between China, the U.S. and Europe.

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up 17% on the week, at this rate, just need another couple of months like this....

SoTXAg09 said:

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ProgN said:

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I nibbled on POWL in the $76 range for first entries.

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No reason to make sure it holds that gap?

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Not worth the risk of missing out on it, so I bought initial positions in it across my family's and friends accounts. Pull up a one year chart, look at the previous gaps that were never filled. It you waited for it to fill the gap at $25 in January, then you missed a 3 bagger. SMCI did something similar and I sat on the sidelines and kept waiting for gap fills. I think POWL blows through $100 after their next earnings report.

This week was ugly but don't let it stress you out this weekend family. Ready yourself to hear the phrase "Death Cross" from pundits on CNBC. Don't let it scare you to dump strong stocks due to emotion. Think about to old motto that newsrooms use, "If it bleeds, it leads", because an increase in negative news reports about the market is likely. DO NOT DUMP your stocks because your wife/husband, who don't follow the market like you do, are in panic mode.

This advice does not apply to everyone but I've seen it over and over again for almost 30 years. I just don't want anyone to make a mistake that they'll regret in 2-3 months.

No one in here should be down today… WWR had its best day in like a year. We're good fam everyone needs to celebrate!

Will be watching semis this week. I think they will lead the market.

Fightin2010 said:

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Is there WWR news that I missed?

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China is restricting exports of graphite, announced it last week. WWR went up on Friday and again today.

It's posted above, China is limiting graphite exports

$WWR in Barron's article

China Tightens Controls on Graphite. The Hunt Is On for New Supplies.