Going to be a good day for Lithium stocks today.
Overnight in the US Livent up 30% on earnings & outlook.
SQM also up 7%, Albemarle up 9%
Just goes to show how stupid the market is sometimes.
I mean lithium prices are through the roof and the market is surprised when they put out good results and say next Q will be even better. I know much of their sales is on lower priced contracts, but blind freddy can see those contract prices are only going to rise.
Hopefully this may be the start of a rerate for lithium stocks.
https://www.investors.com/news/lithium-stocks-livent-gains-on-earnings-outlook-albemarle-on-deck/
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