Another 24 hours makes a difference after short dead cat...

Another 24 hours makes a difference after short dead cat bounce.

i understand the bull case that significant reserves are able to be extracted and forward projections on existing material prices.

However the market is telling you that demand will decline and accordingly simple economics will dictate that supply will exceed demand and prices will fall.

At the end of the day the consumer dictates demand and the consumer is tapped out with little left for discretionary spending after paying for housing and food and fuel.

Whike their is a push to replace petrol driven vehicles with electric at the end of the day the consumer has to fund the purchase in the light of rising interest rates and supply chain issues.

The sharp decline in the share prices of Telsa and Nio (80 percent) tells you the electric vehicle demand has peaked and component prices will experience similar declines