Accordingly to some manufacturers, demand for EVs has dropped to 30% below forecasted figures.
I think that EVs and therefore lithium was a bit of a fad, e.g. bitcoin, afterpay, brainchip etc. timing your exit on the peak is the necessary ingredient for success. Cudos to those who exited circa 70 cents.
Without another sudden surge in EV demand, I think it will be a long road to this one getting back to 40 cents plus.
AGY Shorts, page-717
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