Bogota Free Planet Comments
Oversold Lithium Could Be About To Rally
Posted by BFP Staff on Jan 29, 2019 at 10:30 AM
According to analyst Andrew Miller, the disconnect between lithium prices and the demand side of the equation has never bigger.
By Alex Kimani for Oilprice.com
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.
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