brave man. Li price down due to over supply, over supply due to lack of demand. China realestate price correction has not yet run its course. $140b still needs to be written off. $48B of that debt is attributed to US treasury' loans (do you think that will ever be paid off?)
China has a couple of years to adjust its economy from realestate back to manufacturing and there is no stimulus package on the horizon (not going to borrow US bonds)
China sold down its US bonds from $428B to $380B last couple of years, the US credit card starting to look shakey.
Brics+ (40% of world population) is gathering steam, roughly 40% of world trade will move away from $US, it now accounts for 52% of world trade.
Demand for EVs has plummeted due to world inflation and consumers tightening there belts. US market going gang busters on printed money but not for long.
Add a broad market correction into a suppressed Li sector, then add a sucken UK aircraft carrier and you will find your bottom for the renewable miners.
General Discussion, page-607
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