Every car company is producing EV's, Battery Megafactories are being produced in every parts of the world, storage batteries are being produced by the masses to help the electricity grid as a renewable source...the world is being played by the Chinese and Koreans in the last few months consisting of holiday season and China shutdown (hence an impression of less demand) to think somehow lithium is now in abundance to drive lithium prices down...and of course the Goldman Sachs of the world are part creators of this illusion. Once the stock pile of lithium in China runs out as factories are reopened again...by mid year IMO, CXO will be producing more at a steady state and my prediction is all time highs in lithium prices.
https://www.reuters.com/markets/commodities/albemarle-expects-40-chinese-ev-market-growth-drive-lithium-demand-2023-02-16/
ALB's executives knows it and I'm sure CXO's executives knows this also...sell if you have to to pay the mortgage but it would be crazy to sell at a loss now when the tide is absolutely returning soon to lift all lithium producing players to all time highs...all noise ATM IMO
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