...First lithium price detached from EV growth [ the mistake lithium stock buyers assumed that EV growth must equate to higher lithium price], we have seen higher Chinese EV sales but lithium and SC gone nowhere but down. Second and Now, it looks like when lithium price perks up, lithium stocks continue to go lower. Because market participants not expecting a fundamental near term shift in lithium balance and increasingly more concern of what near and medium term prospects portends - with oversupply, ex-China anemic demand, tariffs and a Trump presidency.
....this is the market behaviour that this thread warned about- that it is typical that first, market participants start losing interest [stale bull holds, new buyers step aside, volume reduced] then price experience a cliff-like fall [ final capitulation] and then we have a protracted sideways movement at the bottom for a protracted period with little interest.
....this was what happened to gold stocks after the end of the gold rally, the same will happen to lithium. Before long, speculators move elsewhere and stale long term bulls would have to hold and hope and bullish HC forum talk cease.
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Mixed results for ASX #lithiumstocks. $LTR is a top performer on news about $379m funding deal with LG Energy ahead of first mining output later this year. Lithium futures were up today (+1.7% for LC2407), however Chinese peers were down.
