never thought Cxo would be at these prices again :(it would seem...

never thought Cxo would be at these prices again

it would seem that the lithium sector and stocks are closely linked to lithium carbonate price. Below is the 5 year Lithium carbonate chart and 5 year Cxo chart. You can see they look very similar:




recent lithium futures contracts aren’t painting the most pleasant of pictures either:




And according to fast markets today, Chinese lithium producers are currently sitting on large inventories:

https://www.fastmarkets.com/insights/chinas-lithium-prices-continue-to-tumble-amid-falling-futures-and-muted-demand/


But as we know, sectors and commodities run in cycles. Sure enough lithium will become bullish again, and when it does then we will see Cxo and other lithium companies go on a mighty run.

Keep tracking the lithium price, as it should tell you when the good times are about to commence one again.

hang in there holders.

IMO

GLTAH