Good News & Bad News, page-39831

Great history lesson Ken, but we're traders here and trying to look out front, rather than the rear view mirror......

Lithium has bounced off the bottom. There were solid price rises in US stocks too on Friday, so we'll see a bounce on Monday.

SQM (the second largest lithium producer in the world) had results last week, and despite shockingly bad results (profit down 82% like everybody else’s - thanks to a 73% fall in the lithium price) they talked about strong demand, volumes up 20%, global volumes to rise another 20% next year, a fourfold increase in lithium demand over the next decade, higher lithium prices in the second half of the year and stable lithium prices for the next three months.

The lithium price has been ticking higher since February 20th. The short positions in PLS (21% shorted) mean that they bounce due to the squeeze, so have some natural leverage to price rises.

BTW, can you tell me how you managed to get those 48 light bulbs from those 13,868 posts ?

Wazz