My conclusion after holding for 18months is I bought into a Pig in Poke.
Not really wanting to downramp which you can rightfully accuse this post of (but like I will be devasted by the accusation - not).
When I bought into lithium stocks I was bullish like the rest of the world. And I am still bullish a bit long term.
The roadblocks I foresee are:
Trump gets re-elected and guts all emphasis on going electric. The world has no choice but to follow.
The Chinese do a "nickel" and open mines and processing facilities around the world flooding the market with lithium and cratering the price while securing their own supply and making First World mines and processors uneconomic. (I foresee Iron Ore taking this route beginning 2025 so lithium might be next).
Advances in battery technology reduce demand for lithium. e.g. All non-transport batteries switch to heavier but cheaper sodium-ion as the base material.
Hydrogen becomes the preferred option for transport systems.
I readily accept I am not expert in this and am mostly wrong but the Dunning-Kruger theory is real and especially applies to me.
DYOR
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