PLS chart, page-21873

so Citi was all ‘the bottom has been reached’ at the start of the year and then it was “go short on lithium “ and now beware the Canadians ?
I do t think they need to be exporting - they’re just bursting into the scene ….
But Citi seems to change its tune a fair bit …
FEB 22, ‘24 “Citi was quick to detect signs of a lithium revival, telling clients that the price of the battery metal could be close to a bottom as surplus material is removed from the market.”
https://resourcesrisingstars.com.au...very-not-so-for-nickel-but-copper-heating-up/

Two months later :
“In April, we reported on a short trade recommendation made by major broker Citi for the CME August 2024 lithium hydroxide futures contract. Citi believed the price could decline from around US$16,700/t at the time to US$10,000/t, a decline of about 40%.22 May 2024..” https://www.livewiremarkets.com/wires/citi-now-doubly-bearish-on-lithium#

…and now the Mounties are coming ?

Citi hardly comes across as a reliable guide for long term investments !

cheers