EUR share price dropped by 8% this week, SP of other EU...

EUR share price dropped by 8% this week, SP of other EU ASX-listed peers also slumped, in particular:
Infinity Lithium - by 8%,
Vulcan - by 14.5%,
European Metals - by 2% (EMH immune to bad market due to EU funding prospects).
For example, Pilbara Minerals dropped by 7%.

Reasons:
1) Unexpectedly high U.S inflation in January amid strong employment market gives the Fed enough room to continue tightening its monetary policy. The RBA follows the hawkish stance of its U.S. senior colleagues.
2) Attack of lithium bears: statement of China Nonferrous Metals Association on lithium prices, publication of the Financial Review on lithium stocks shorting and yesterday statement of South32 boss on overpriced lithium stocks.

Meanwhile, the Australian market ignores excellent 4Q'22 results of Albemarle and Livent, providing strong support for U.S. lithium stocks, which by the way remain in green this week. Both Albemarle and Livent provided optimistic 2023 forecasts on EV market growth and lithium prices.