Credit Suisse selling down.. Does this signal a bottom?
Considering lithium producers are on hard times and struggling and several have gone under (Alita In Australia a few months ago, Nemaska in Canada today) lithium holders are speculating that it may be the bottom of that market.
Syrah still in the red, not producing on an annual break even as yet but recent changes have meant the oversupply to market is being adjusted and eeked away.
Nickel is already in a bottleneck, this years price rises clearly a symptom of that.
Copper has a bottleneck coming up as demand increases but under-investment in bringing new supply online means demand should exceed supply by late 2020.
Tesla sales have risen 1400% apparently (I have not seen the figures directly) in China.
Is the tide tuyrning for Syrah, is now the time to make at least a half hearted attempt to catch the knife, and if so, the lithium, copper, nickel or graphite knife?
It's been real, Credit Suisse, real, real miserable for SYR holders in 2019. A test of true conviction, for those like me that bought in at $2.45 on September 3rd 2018.
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