From Investorplace this morning..... time to start talking things up......
Lithium stocks to watch have been devastated.But with a good deal of “excessive pessimism” now priced in, it’s time to buy.
For one, we’re seeing an uptick in global electric vehicle sales.
Two, with mines shutting down or being delayed, supply will begin to dry up. Arcadium Lithium (NYSE:ALTM), for example, just said it would suspend or delay two of its projects with the current lithium glut and price slump.
InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, as we saw in 2022, lithium prices will explode again as supply is cut.Plus, “The world’s largest lithium producers told a major industry conference they remain bullish on long-term demand for the electric vehicle battery metal despite the recent price plunge that has forced layoffs and curtailed expansions,” as noted by Reuters.
Even Exxon Mobil (NYSE:XOM) just said the world urgently needs significantly more lithium than it’s producing, as noted by Bloomberg. That being said, investors may want to seriously consider buying beaten-down lithium stocks on the cheap.
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From Investorplace this morning..... time to start talking...
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