Billion $ Club News & Reports, page-217

Lithium stocks are down - in my portfolios all the Li is red, while most of the copper gold and oil are green.

Perhaps this is why ?? (extract from Motley Fool)

"For example, lithium giant Albemarle Corp (NYSE: ALB), Livent Corp (NYSE: LTHM), and Sociedad Quimica y Minr de Chile SA (NYSE: SQM) ended the session down approximately 10%, 8%, and 7%, respectively.

This was driven largely by a broker note out of Bank of America which revealed that its analysts believe that the outlook for the lithium is challenged. So much so, they expect the lithium market to be oversupplied in both 2024 and 2025."

I wonder if those same brokers are also recommending (in their note) short positions on lithium miners, and explorers ??

I prefer this story https://www.virta.global/en/global-electric-vehicle-market

The suggestion is that the rush to electrify the fleet of cars is gathering steam, and in some European countries is mandated by law. And further the concept of V2G (use of Vehicle batteries 2 provide Grid storage) will not only make renewable electricity sources without base load electricity generation viable and practical, but will allow private off grid power and storage to become a source of income.

Maybe those analysts at Bank of America have been drinking too much Aperol Spritz, and travel to work on e-scooters. Perhaps the solution to the problem is obvious.

GL all. DYOR.