joeg26reddit t1_is3y1hu wrote on October 13, 2022 at 2:59 AM

So why are lithium stocks down? ALB went down about 8% today

okmiddle t1_is48e8v wrote on October 13, 2022 at 4:34 AM

Massive numbers of new lithium mines are opening up across Australia and Chile over the next 1-3 years. Market is predicting that lithium prices will fall as a result.

Numismatists t1_is49h7o wrote on October 13, 2022 at 4:46 AM

Sounds like future we should all be part of!

Traevia t1_is4lh94 wrote on October 13, 2022 at 7:13 AM

More Lithium mines are coming online in the coming years and processes have been developed for scalable Lithium extraction from the ocean. This is massive as the world's supply is 60 years while the ocean's supply is a current problem for it.

HardcoreHazza t1_is44inx wrote on October 13, 2022 at 3:55 AM

Probably Elon Musk said something that spooked the lithium stock market.

I’m dead serious.

ElectrikDonuts t1_is4dq9p wrote on October 13, 2022 at 5:33 AM

Yeah, he said “buy my perfume to fund my twitter deal” basically. Which means anything near his name must automatically go down 15%