by this point the whole shorting thing has to come undone at some point. PLS and CXO along with other lithium companies have been shorted off the back of tanking demand and oversupply. We now have a lithium market with less access to capital and a strong wind back in expansion plans for many companies. I even now believe that China isnt in on it. As CATL close a lepidolite mine because of a downward trend making it less viable destroy their own upstream supply?
Commodity prices will have to come back at some point sooner or later and the shorts have had their fun. Will have to watch shorting covers on other stocks to see if this is a lithium sector thing or strictly SYA.
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