Johnny (@ElGanador) on getquin

1Yr·

No matter which share you look at ($LTHM
$ALB (+0.35%) ...) that has to do with the production of lithium, all of them show a clear minus in the last 12 months and especially from MID-JULY a clear slump.

I couldn't find anything specific as to why exactly everything goes down from mid-July. There are reports about the price expectations of lithium per ton which were probably corrected significantly downward.

Does anyone here know anything more specific? Many stocks are at 50% or less than they were 12 months ago. It is no secret that the demand for lithium will continue to increase significantly for at least the next few years. I'm a friend of investing at just such moments :)

Greetings

6 Comments

N@Khlmysee

1Yr

https://amg-nv.com/investors/press-release/amg-reports-third-quarter-2023-results-and-announces-new-corporate-structure-effective-january-1-2024/?lang=de "Since the end of July, when we issued our previous 2023 EBITDA guidance of US$350 million to US$380 million, market prices for spodumene and lithium carbonate have fallen by 50% and 43% respectively. Given these price reductions, AMG's new EBITDA guidance for the full year 2023 is around USD 320 million. Given the ramp-up of the strategic projects outlined above and the volatility of our key material prices, particularly lithium, it is difficult to provide firm guidance for 2024. The recent decline in lithium prices has taken all industry participants by surprise. In order to determine the cause of the price decline and forecast future movements, both the Chinese lithium industry and broader macroeconomic factors in China need to be analyzed. Given the difficulty of this analysis, and despite some indications that the lithium supply and demand picture remains strong, there is a high degree of uncertainty around near-term price dynamics. Based on today's low price levels, AMG's EBITDA in 2024 will be approximately US$200 million, with a stronger performance in the second half of the year."

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Rene@clox0r

1Yr

I bepare for years $CHRG Pure bet in the future.

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Kai@Dividenden-Sammler

1Yr

hyped shares (like you with the lithium companies) also sometimes give up without any apparent reason, because they were mostly hoisted to a level and the whole thing just aligns with the fairer value again. Mostly these companies are not profitable and it is a pure bet on the future.

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Show answer

SGP@Koenigmidas

1Yr

It always depends on the time of entry. I have turned to the topic of lithium in 2017 and have driven very good profits until 2020. What is left in the depot is cashed out annually with the allowance.

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Raphael@-RB-

1Yr

I'm invested in $SLI - have seen some lows there now, seems to be recovering currently... am still a good 30% down, but maybe I should actually dump it now 😅

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