Lithium stocks under pressure today,
AVZ was up early on a mining licence award , gave up all its gains and now lower by 14%
Vulcan Energy (VUL) sees a 7 on its price at $7.79 down 4.3%
LTR now below $1.40 at $1.37 lower by 2.7%
ESS , lithium hopeful , plunged 10.6%
LPD lower by 6%
CXO down 4.3%
GL1 (Global Lithium) down 3%
PLS more modest fall of 1.5%
If you look at the lithium price chart below, it looks like it has peaked.
Lithium - 2022 Data - 2017-2021 Historical - 2023 Forecast - Price - Quote - Chart (tradingeconomics.com)
I did caution you that lithium stocks too could see an end to its exuberance . Prices cannot stay high when China is under lockdown, EV demand can't be too flash with a slowing global economy though arguably lithium supply remains insufficient.
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Its Over, page-12532
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