I suspect these snippets from this RRS article today may be...

I suspect these snippets from this RRS article today may be hitting on the broader picture affecting this stock also.

https://resourcesrisingstars.com.au/blog/uranium-rips-as-investors-dare-to-talk-of-record-prices-amid-energy-shortage?RID=578&ListPageUrl=https%3A%2F%2Fresourcesrisingstars.com.au%3A443%2Fnews%2Fall-news

Lithium, the market star until uranium reclaimed the commodity world’s top spot, struggled this week as the price of the metal declined, doubt grew about the pace of electric vehicle sales, and politicians started to wind back policies aimed at driving internal combustion engines (ICE) out of the market.

British Prime Minister, Rishi Sunak, is leading the roll-back of overly strict environmental targets saying that the ban on the sale of new ICE vehicles would be pushed out by five years to 2035, a move which followed reports of stalling EV sales as consumers wilt under cost-of-living pressures.

Leading lithium stocks were hit by ongoing weakness in the metal which is down 18% over the past month and while producers such as Pilbara Minerals and Allkem remain handsomely profitable, it’s the trend which worries investors. Pilbara led the way down this week with a fall of 50c to $3.99. Allkem lost $1.40 to $11.53.

Lithium explorers and emerging producers were also hit in the sell-off. Global lost 5.5c to $1.46. Core was down 4.5c to 35c, Delta slipped 2.5c lower to 90c and Patriot Battery Metals shed 17c to $1.28.