Sprott Lithium Miners ETF dropped by 2.8% for the last 5...

Sprott Lithium Miners ETF dropped by 2.8% for the last 5 days.
Vulcan Energy - by 17.8%
Infinity Lithium - by 14.8%
European Lithium - by 10.3%

Reasons:
1) Fears over monetary policy of central banks
2) Correction after strong January rally of lithium stocks
3) China Nonferrous Metals Industry Association expects decline of lithium prices in 2023 (level of decline unspecified) due to lower demand on EVs.

By the way, Livent released yesterday quaterly earnings, where it expects that 2023 lithium spot prices will go slightly up. However pessimistic market disregarded the expectations of Livent.