...a lithium bull has turned more dovish with this reality check acknowledgment.
...once lithium hodlers wanted to believe that 'another one bites the dust' means less supply so price must go higher.
...no, another one bites the dust reflects the winter hibernation that the industry needed to endure after the boom.
...I still maintain we could have the market crash before lithium stocks could make a notable recovery of their losses to date.
...I told you to be Ahead of the Curve before market starts to lose faith in lithium. I think we're at that point now. It is going through what junior Gold explorers did after the 2020 spec boom. Many of those junior gold explorers never recovered 4 years on despite rising Gold prices. Rox Resources (RXL) now trades below its March 2020 Covid low price levels after soaring almost 10x in the 3 months after the Covid lows.
...what we can expect from lithium sector is more CR and 'wasteful' Govt support.
Another one bites the dust #lithium EU lithium supply chain is HIGHLY unlikely to develop in the medium term. And I also don't think a USA parallel supply chain will work without IRA subsidies. https://x.com/usuallyYJLee/status/1862072030935539855
