If we have an official recession here, the US or elsewhere that is the now or very near term. The Stock market looks 6-12 months in advance. So the market is at this stage of looking through the recession and the hit to profits and to the recovery on the other side.
That is most stock…. But to say that for Lithium stocks that not going to see a dip in demand you are dreaming XOXO. Car manufacturers are scrambling to secure supply if they don’t get Li and other battery materials their investment in new plant will be sitting there idle. Orders on new EV models are 48 months wait and sold out.
Look at Rio’s statement re Li and its commitment to 190 million to their Rincon project.
I had my doubts that Li wouldn’t be affect but they have evaporated. Look at Li stocks, especially the producer, AKE broke out yesterday and PLS is in a steady uptrend with a decent spike today.
I like hearing contrary opinion but give it on why the company is going to have problems with achieving production and stop believing GS and other BS about the impending decline of Li and Li stocks, if anything Li could triple or quadruple from here which would not be healthy for the climate change cause.
AGY will struggle a bit at 42/43 and again around 45/6. But that could be short lived with progress updates.
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