Post by
lithomon on Jan 18, 2022 9:26am
Oil at 7 Year High - Perfect Storm for Lithium
With Oil advancing towards $100 a barrel, and prices at the pumps going much higher, consumers shift to EV's sooner than later to place even greater demand for Lithium when there isn't much Lithium currently available.
Battery demand will take priority on already scarce supply which mostly shuts out the Lithium end users of Glass, Ceramics & Lubricants.
Comment by
metalhead666 on Jan 18, 2022 9:48am
Yes and No....The economy is going to collapse as is the market. Demand for everything will plunge. This stock is way ahead of itself. Excellent time to bank gains. Against expectations of a +25 print, US Empire State Manufacturing Survey collapsed in January into contraction at -0.7. This is the 3rd biggest MoM drop in history (with only March and April 2020 worse)...