just looking at this again. Big pic is:
1.No immediate risk of CR.
2. Meltdown seems to be contagion from cxo and general market conditions for Li.
3.Once the herd starts running it takes time to stop the rot.
imo we've seen this pattern for Li stocks many times. And we've seen Li stocks bounce back. imo newbies who snatch at this crazy low sp will be smiling. The rest of us will recover losses.

Here's today's headlines in The Australian
https://www.theaustralian.com.au/business/*/high-voltage-australia-hits-record-ev-sales-as-electric-vehicle-narrative-charges-into-2024/news-story/e1cf96ce42230bcfe79bc0b4427d155a

High Voltage: Australia hits record EV sales as electric vehicle narrative charges into 2024

Electric vehicles keep coming … and it's getting extremely hard to dodge 'em. Picture: Getty Images

• By ROB BADMAN
• *
• 9:06AM JANUARY 10, 2024

If the lithium supply glut keeping your battery metal stocks portfolio suppressed keeps you up at night, here’s something to potentially alleviate those concerns. If you take a long-term view, that is.

New data suggests the sales of electric vehicles (EVs) are still rising globally, including in Australia – which is, so far, a pretty tough market for the sector.

Aussies set records

According to new statistics released by the Federal Chamber of Automotive Industries (FCAI), EV take-up doubled to 7.2 per cent of total new vehicle sales as Australia sold a record number of new vehicles in 2023.

So one record created another, with more electric cars registered in Australia than ever before.

In total (not just EVs), 1,216,780 vehicles were sold in Australia during the year, which eclipsed the previous highest sales result of 1,189,116 – achieved in 2017.

FCAI says more than 87,000 new electric vehicles were sold in 2023 – an increase of 161 per cent from the previous year.