EV/Lithium, page-1007

Lithium hodlers looking for a bottom just because of a limited price rebound signals hope springs eternal, a denial that lithium winter hibernation is here to stay for some time because global economy is in trouble, the consumer is in trouble and lithium suppliers are not backing down - follow the macro logic and you won’t get lost following the day to day price movements. It also shows continued FOMO in the space, which does not align with a bottom. You get a bottom when there is no interest in lithium stocks, volume is barely noticeable and people move to other sectors.
In Australia, there are unfortunately many lithium stale bulls caught holding from earlier on, that continue to spin the narrative of hope.
It is my strong belief that there won’t be a lithium price recovery anytime before we first witness a recession or major stock market correction.