7 Lithium Stocks to Sell if You Believe the Boom Is Over
Top investment bank Goldman Sachs believes that the bull market for lithium is over. The bank sees prices on a downward trajectory for the next couple of years, with a substantial correction from today’s levels. Moreover, it is of the view that today’s lithium prices are a “fundamental mispricing [that] has, in turn, generated an outsized supply response well ahead of the demand trend in focus.” Consequently, the report led to a selloff in lithium stocks with massive losses across the board. 7 Tempting Tech Stocks to Pull the Trigger on Now It is imperative to understand that the macro-economic elements weakening the outlook on stocks will subside at some point. However, with lower demand, the demand for materials needed, including lithium, is dropping at an incredible pace. Therefore, here are seven lithium stocks you should probably avoid now. PLL Piedmont Lithium $49.27 CBAT CBAK Energy Technology $1.03 SLI Standard Lithium $3.9 LIACF American Lithium $1.415 TSLA Tesla $628.84 ALB Albemarle Corporation $199.33 SQM Sociedad Quimica y Minera de Chile $87.57 Piedmont Lithium (PLL) Source: GrAl | Shutterstock.com Piedmont Lithium (NASDAQ: PLL ) aims to become an integrated lithium producer but might wind up being nothing more of a lithium processor.
7 Lithium Stocks to Sell if You Believe the Boom Is Over
Top investment bank Goldman Sachs believes that the bull market for lithium is over. The bank sees prices on a downward trajectory for the next couple of years, with a substantial correction from today’s levels. Moreover, it is of the view that today’s lithium prices are a “fundamental mispricing [that] has, in turn, generated an outsized supply response well ahead of the demand trend in focus.” Consequently, the report led to a selloff in lithium stocks with massive losses across the board. 7 Tempting Tech Stocks to Pull the Trigger on Now It is imperative to understand that the macro-economic elements weakening the outlook on stocks will subside at some point. However, with lower demand, the demand for materials needed, including lithium, is dropping at an incredible pace. Therefore, here are seven lithium stocks you should probably avoid now. PLL Piedmont Lithium $49.27 CBAT CBAK Energy Technology $1.03 SLI Standard Lithium $3.9 LIACF American Lithium $1.415 TSLA Tesla $628.84 ALB Albemarle Corporation $199.33 SQM Sociedad Quimica y Minera de Chile $87.57 Piedmont Lithium (PLL) Source: GrAl | Shutterstock.com Piedmont Lithium (NASDAQ: PLL ) aims to become an integrated lithium producer but might wind up being nothing more of a lithium processor.