Lithium stocks may be getting smashed in the short term but from...

Lithium stocks may be getting smashed in the short term but from Stock Head today. Sprott Asset Management Say:

“Lithium prices have entered a consolidation range after nearly quintupling in price since mid-2021,” they say.“Some softness in consumer spending has weighed on lithium demand in the short run.“Forecasts for 2023 by investment banks and other price forecasters have also been mixed. Some estimate that the lithium market will be in surplus for 2023, while others cite supply challenges (i.e. longer lead times) that will result in a supply deficit.“Nevertheless, lithium demand is expected to grow substantially in the long run to meet EV demand, and we believe supply is unlikely to keep up.”

https://stock head.com.au/resources/high-voltage-late-to-battery-metals-investing-dont-worry-sprott-says-this-bull-market-is-just-beginning/?utm_medium=email&utm_campaign=*%20Morning%20Newsletter-02-21-2023&utm_content=httpsstockheadcomauresourceshighvoltagelatetobatterymetalsinvestingdontworrysprottsaysthisbullmarketisjustbeginning&utm_medium=email&utm_campaign=AM%20Stockhead%20Newsletter%20Wednesday%20Feb%2022%202023&utm_content=AM%20Stockhead%20Newsletter%20Wednesday%20Feb%2022%202023+CID_3c41fde0b902a6744609f8669bc1c3dc&utm_source=Campaign%20Monitor&utm_term=High%20Voltage%20Late%20to%20battery%20metals%20investing%20Dont%20worry%20Sprott%20says%20this%20bull%20market%20is%20just%20beginningFrom a first read the positives are:

• its in the US.
• To be supported by Galan Lithium with a 5% investment in the company so cash will go up further.
• project hasn't cost anything to acquire.

I'm not sure though whether the historic grades are enough to be commerical. Will let someone with more knowledge comment on that.

GLTAH