IMO LIT etf measures the sentiment to EV up take. Whether fundamentally there is a co-relationship to Cobalt, if you compare the pricing to CLQ, you see close correlation.
I don't pay much attention to forecastings and these experts usually gets it wrong. However with so many Oz Li supply coming online, it can have sentimental changes interim as the story so far was supply deficit. I don;t know much about Cobalt market but should Congo flare up with conflicts then the Co prices can only rise?
From an operational aspect of the mining process, how credible is this in house laterite Ni conversion to sulphate?
CLQ Price at posting:
$1.17 Sentiment: Buy Disclosure: Held
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