The last week was fairly neutral from an equities perspective, a...

The last week was fairly neutral from an equities perspective, a mixture or minor moves lower and minor moves higher. If you look at most lithium daily charts, the pattern is following the carb spot (and futures) price which moved dramatically lower between May and most of June and since the back end of June it's traded sideways.

Technical traders (for those who believe in it) are suggesting many lithium equities are showing bear flags (e.g. ALB).

The next few months of action probably depends (as always) on lithium prices. If they continue sideways, equities will probably mostly follow suit. Something interesting is the huge move on Tesla in the last 2 weeks (up almost 30%). BYD's share price has also been doing exceptionally well - so the two largest EV stocks are sitting pretty - however lithium producers and developers are being absolutely massacred.

LRS continues to be one of the few stocks to not test it's 52 week low from earlier this year (A11, WR1 being two others in the same boat).

Lithium overview table below



Week on week moves