Lithium stocks are at bottom of current cycle

https://www.morningstar.com/articles/979397/look-to-lithiums-bright-long-term-future

In our view, 2020 will mark the bottom of the current cycle. The lithium market is currently in oversupply and prices are falling. Further weighing on prices, the coronavirus-related economic slowdown is likely to result in a demand decline in 2020. However, supply will also fall in 2020 as all major producers are likely to both reduce production in 2020 and delay new supply. As a result, we do not see a lasting effect on lithium prices. As demand returns in the second half of 2020, we expect prices to stabilize in 2021 and meaningfully rise by 2022.



We forecast a long-term lithium carbonate price of $12,000 per metric ton in 2020 real terms. Higher prices will be driven by growing demand for high-quality lithium and the need for higher-cost supply