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immy101

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26/06/24

17:30

Post #: 74498139
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Originally posted by Ferrum: ↑

Careful with lithium stocks in the next two - three months

Citi is betting that lithium prices will dive as much as 20 per cent over the coming months amid signs that inventories of the battery material are rising at a “dramatic pace”.The broker is recommending investors short the commodity following a 5 per cent plunge in Chinese carbonate futuresto $US12,000 a tonne overnight, extending the lithium price decline to 15 per cent over the past month.

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Thanks for the heads up @Ferrum
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