A few weeks ago we repoted that Lithium stocks on fire in 2021. They had a phenomenal month of January. No surprise, a cool off period started near the end of January, and we expect this to continue for a few more weeks. So now is a good time to be on the lookout for quality lithium miners in case you missed the January opportunity. But what if lithium miners topped? We don’t think so, and the lithium price chart is the one that gives us lots of confidence!
We identified 3 fundamental drivers in the lithium mining space, and discussed this in our previous article: electric vehicles, green energy, lithium prices.
We added that higher lithium prices were undeway.
Today we re-iterate that a rising lithium price trend is ongoing, and there is lots of room in the price of lithium to move higher.
This is what we wrote:
The lithium price was on fire in 2017, and came back down. It retraced 75% from is 2017/2018 top. After a reversal that took a year approx. to complete we see that the price of lithium is eager to move higher now, presumably driven by the demand for green energy and EVs.
And below is the latest-and-greatest lithium price chart (source).
There is clearly a very strong driver in this market, and it can only be growing demand for EVs and green energy. This trend is not expected to be temporary, but rather we expect this to be a strong long term trend.
