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07/12/23

16:32

Post #: 71331408
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Originally posted by chuk: ↑

On the subject of the very depressed lithium price and depressed stocks, am I the only one here planning to buy some lithium stocks next year at these depressed prices or hopefully lower when I think the bottom might be in?
I'm thinking IGO and PLS and maybe a few spec developers.
Considering the depth of the sell off, when the turn comes it could be pretty spectacular as long as the very strong growth in EVs story remains realistic and I can't see that changing. The biggest trick will be trying to pick the bottom.
Based on short term surplus predictions, I might expect the lithium price not to recover until 2025 but my guess would be the big producer's will lead and bottom earlier. Mid next year possibly. Pure guess on timing for now. Will probably need to watch the charts.
Thoughts?

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The Commission is also setting aside additional funding of up to €3 billion to boost the EU's battery manufacturing industry.

https://ec.europa.eu/commission/presscorner/detail/en/ip_23_6369
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