RE:deepoo if nili as biggest deposit of lithium whyIt has nothing to do with low demand. Demand is actually pretty robust as Albemarle always gets a 20% premium versus Chinese lithium. EV car sales are soaring. Telsa moving towards new highs. Adoption rates of cars +40% from prior years.
Tax credits of $ 7,500 per car from US government cannot be cancelled by Trump no matter what he says. It is an act of Congress. You need all three branches of government to agree: President, Congress and Senate. I highly doublt that Republicans get all three.
Trump can impose still tariffs on China cars and lithium which will be great news of NILI and TSLA.
The meltdown in lithium prices is actually terrific news for NILI as it shuts down 95% of its competitors and closes off some battery manufacturers too, as only the strongest with the highest grades will survive. At $12,000 per ton lithium and $ 5,000 all in cost, NILI makes a MASSIVE PROFIT.
Right now you are seeing in the market AI trading at its best, indiscriminate selling across the board on all lithium stocks. Just shows how intelligent AI is when it even dumps the best stocks without knowing it.
When this manipulated trend reverses, look for NILI to be SOARING in dollars verus others that will be doing pennies.
At that time you will realize that the reason NILI price was cheap was to give everyone a chance to LOAD UP.
Question is: Were you wise enough do to so or, do you think like AI too?
Good Luck,