I think you maybe right about the shorts.
I believe by now anyone who is invested in lithium will know from their own source that lithium with be in high demand to 2030 and there will be a major supply shortage. Its the short that causing the current downward pressure on lithium sp.
US markets have been up for the past few days now and the lithium stocks have not reflected this
Actually AKE , CXO and LTR has gone backwards in sp movement
PLS and AGY have been steady
LPI is still down by alot.
Short well target any stocks with uncertain outcomes ie. production, output of lithium, costs due to inflation/shortages and recession impact.
I dont like this hovering of sp or in some case slow small decline in sp each day ie. 0.1%.
It sugges the market is waiting for something to dump the stock or pump it up to fair value.
i hope all lithium stocks will get a boost once AKE and PLS report for their full year report and show a major (50% +) lift in profit and revenue.
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