Why all the doom and gloom
posted on
Oct 05, 2023 04:26PM
I get it, not the best of times, but I think it's a little early to give up on the dream. We're at, or at least near, the bottom of the well with all of the macro headwinds in the economy and politics, and in the specific area of lithium spot pricing. No doubt the rate of EV adoption has been temporarily slowed, and maybe permanently slowed somewhat, but in my mind that just means that the huge gains to be realized are just a little less huge, and maybe delayed a year or so (hopefully we'll all be above ground still, eh okiedo?)
The separation wasn't a huge price catalyst as it turns out. Maybe not surprising as the huge volume was probably people reweighting from one to the other as opposed to new people coming in during a rough market period. But, since Tuesday ALB is down 1.1% and by my calculations our combined two new comapnies were up 6.8%, so not that bad.