"Global X Lithium futures down 2.0%. What's going on?" The...

"Global X Lithium futures down 2.0%. What's going on?"

The market moves in waves and, having surfed a decent one since the June lows, Li equities are due a breather. As is the broader market.
Equities prices follow commodity prices, which continue to hold at elevated levels / strengthen in China.
In this Cal year, that high price is generating super profits which will enable PLS to account for all its future capex and pay off its debt (if it chooses to), thereby clearing the way for FF ordinary and special divs / share buybacks from Cal 2023.
Inevitably, with increased supply, prices will come back down in a few years.
By then, PLS will still be one of the lowest cost producers globally, with a high margin downstream jv with Posco and advanced mid stream Li salts jv with Calix which will revolutionise spodumene production, and generate licence fees back to PLS.

In short, I wouldn't worry about daily gyrations on the Li ETF's.