NOW EVEN LITHIUM IS DEPRESSED.
Posted on 04/24/2019 4:10:40 PM PDT by bananaman22
2018 was a terrible year for commodities, but few sectors fared as badly as lithium.
The crucial battery metal, also known as “White petroleum”, struggled through a 50 percent price correction as supply soared and demand fears spread like wildfire.
But it isn’t time to give up on lithium stocks just yet.
The rising stars of the hard-rock lithium space are transforming the industry with their remarkable ability to extract lithium at a lower cost and faster pace than the lithium majors can from their brine deposits. In short, there’s a new caliber of producer in town and - with lithium demand set to soar once again – their timing could not be better.
(Excerpt) Read more at oilprice.com ...
Interesting. A drop in price might be temporary heartburn for some miners but if it spurs more use of the batteries, more cars, more households using alternate energy, it may work in their favor in the long run.
OK, so Lithium mining stocks are depressed,
is this a buying opportunity?
Seems to me any stock that is discussed publicly by outsiders has already been gamed privately by insiders.
Is there an Alternate Universe where lithium batteries have not been developed and everybody is using cell phones chock full of triple-A batteries inside overlarge battery cases.
...Seems to me any stock that is discussed publicly by outsiders has already been gamed privately by insiders.
Spoken wisely
I hear its going to be polyester style material batteries. Got more energy or somesuch.
Wouldn’t bet on no lithium.
Dilithium crystals. That’s the way to go laddie.
Leisure suit batteries?What a concept.
> Leisure suit batteries?
Perfect for a golf cart.
Good one!
Earnings will be reported 5/8 and they will need to beat top and bottom with some reassuring guidance for 2019 to fend off the shorts. With so little daily volume the shorts have been trashing any stock that can’t defend itself and this one is way oversold. Until this holds above $82 or so its going nowhere. Having Tesla downgraded by the street isn’t helping either.
Thank you sir. That has been my experience. I keep hoping to suddenly understand how to exploit individual stocks or at least funds. I will say that if you can buy a range of the strongest stocks after a crash and can wait 10-30 years, you can do well. I think Buffett discovered that too.
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