Lithium price chart and cf to other mining commodities.
I do think this is further market interference - possibly by the country which controls most of the worlds Li processing and battery manufacture.
They were accused of building up stocks then to stop buying at a time demand for EVs temporally peaked. That to drive price down and deter others from investment in new mines and processing plants.
However the big money (Gina (Hancock Mining) and Chris (MinRes) etc) do not buy it. Neither do I (Small money !!) lol.
Anyway it does look to me like it is building into a classic Bear Trap for holders of Li stocks - beware the squeeze if you are shorting.
Not advice. DYOR.
Lithium price chart and cf to other mining commodities.I do...
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