Everything I've read recently points to a rerun of June when lithium equities were spooked by biased in-house forecasts by Goldman Sachs.
There's merit in China covid resurfacing (spooked lithium market) but today well over 90% of the population vaccinated, low sub variant omiricon virus, nothing on the scale of Alpha or Delta virus, China growth subdued.
The long-term demand supply still in play but now CEOs in US are stating deferral instead of deficit, dye been cast, EVs are the future, OEMs just need to wait, restructure business on future lithium supply that will come to the market by way of, offtake agreements, JVs or M&As.
Still feeling confident about bullish sentiment in lithium equities continuing especially Core Lithium on the cusp of becoming a producer.
CXO producing at the right time Q1 2023.
This update interesting, lithium chems / spot
Convinced people selling now are selling into the instos, classic tree shake before a massive run up that will take place, CXO under pressure.
But for how long, for me just normal dynamics.
Accumulation time -
CXO under $2 be history soon ..
)))
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