Just another little article on battery metals if anyone wants to...

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Eaglebird

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30/01/19

13:03

Post #: 37264237
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Originally posted by Haplo: ↑

Oversold Lithium Could Be About To Rally

It’s been a decade of lows for commodities after posting 7 declines in 11 years, but we’ve seriously underestimated lithium. It’s back with a vengeance in 2019.

The commodities market endured yet another annus horribilis, with just four commodities—natural gas, uranium, cocoa and wheat—recording any uptick at all. Last year’s 12 percent slide by the Bloomberg Commodity Index--spurred by 20 percent-plus declines by industrial bellwethers like West Texas Intermediate crude, steel and platinum—came in the wake of two years of modest gains.

Viewed against that kind of backdrop, lithium’s 50 percent correction that snapped a multi-year winning streak appears less vicious. It’s important to remember that prior to the crash, lithium had enjoyed a meteoric rise with prices doubling since the beginning of 2016 and nearly quadrupling over the past decade. The fact that much of the rally coincided with a sharp rise in the value of the U.S. dollar makes it all the more remarkable.

Investing in the commodity market can be a roller-coaster ride; what with the incessant boom-and-bust cycles driven by the ebb and flow in infrastructural spending, production ramps/cutbacks and stockpiling/destocking supplies. And just like other financial markets, trader sentiment plays a big role in determining trajectories.

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Just another little article on battery metals if anyone wants to have a squiz thru it.

Ultimately, I think turning a profit will be the only thing that turns the SP north.

https://unauthorised investment advice/resources/high-voltage-all-the-news-driving-battery-metals-stocks-5/?utm_medium=email&utm_campaign=*%20Morning%20Newsletter%20Weds%20Jan%2030&utm_content=*%20Morning%20Newsletter%20Weds%20Jan%2030+CID_6eabf8815f7a950c3f95f94e41585551&utm_source=Campaign%20Monitor&utm_term=High%20Voltage%20All%20the%20news%20driving%20battery%20metals%20stocks

A40 Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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Just another little article on battery metals if anyone wants to...

Top Stories

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

Sales growth pushes Lovisa's fortunes (and shares) upwards

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Scientific conference spotlights PYC's work on blindness disease treatment

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels