FFS, What a cat's breakfast of an article . Try these couple of furballs on for reality: * 'Rumours ... sent listed lithium producers plunging on Tuesday, in the first sign of soft demand for the battery metal since this year’s boom. ' er, where were you Mr Analyst in May-July'22 (GS induced plunge) and 2021 (er boom sir) * '...and slowing EV sales likely to become increasingly apparent over the course of next year...' (has this guy even looked at Tesla production figures, the ever-increasing worldwide auto gigafactory buildout, China EV sales or looked out his vehicle's window this year? Then GoldSoftSacks concedes Li market deficit this year, and a flip to a small surplus (no figures given) versus prior forecasts for a larger 76,000-tonne surplus. Finally, tries for some balance with two brokers upgrading producers and developers (Mac) & noting Li prices immune to macro (UBS), before going for the doom card with 'frothy' from Tribeca. Honestly, most of us here could do a better writeup. Thank goodness since starting my investing journey in Feb last year the mainstream media veils have been helpfully pulled from my eyes from fellow HC posters and their in depth research. Keep the balance coming cool cats; time to sign off!
RNU Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held
.
