The lithium market is showing signs of cooling off.After a furious rally that saw prices climb 500%, a two-year buying frenzy in the lithium market is showing signs of cooling off as the huge EV wave especially in China moderates. Consequently, leading lithium stocks have been selling off quite heavily:Livent Corp has contracted 9.0% over the timeframe. Of the lithium majors, onlyThis is a good opportunity to use the selloff to buy these stocks on the cheap.
It also narrowed adjusted earnings per diluted share outlook to a range of $7.10 to $7.60 , reflecting 7 percent growth at the midpoint versus 2021. Indeed, several key commodity traders enter into the lithium business using various avenues. Back in January, metals and minerals traderEuropean Lithium Limited
to support the development and commercialisation of the Wolfsberg Lithium Project in Austria. Under the MOA, European Lithium will work with Traxys to negotiate suitable commercial terms for a product offtake and/or marketing agreement for EUR’s Lithium Hydroxide including any by-products from the Wolfsberg Project.
Market experts see the latest developments as a big positive for the lithium industry. Until fairly recently, lithium was almost impossible to trade due to prices being fixed in long-term private contracts between the handful of dominant suppliers and their customers, with no need for middlemen.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: techradar - 🏆 51. / 63 Read more »