Mixed messages for ASX lithium stocks in 2023

Marc Kennis Marc Kennis, September 29, 2023

ASX lithium stocks … there may be further downside!

 

Our own Stuart Roberts explains the changing dynamics of the lithium market on Ausbiz!

Stuart hints towards potential waning interest in lithium, and ASX lithium stocks, attributing the cause to impenetrable market trends and a diminishing value. Recommending caution, he explains how the market value has primarily shown bearish instincts throughout 2023, barring a brief respite from April to June.

 

Don’t miss out on important news about ASX-listed stocks!

SIGN UP FOR THE STOCKS DOWN UNDER NEWSLETTER!

 

Turning attention towards particular ASX lithium stocks, Stuart says Core Lithium‘s (ASX:CXO) is the fourth most targeted stock for shorting on ASX. He also underscores the severe compression of Latin Resources’ (ASX:LRS) stock value, decreasing by half since July – an ominous indication for the lithium market.

Stuart also airs concern over the potential risks in these fluctuating markets. He comments on the transforming environmental obligations of governments globally. Wrapping up his analysis, Stuart alludes to a potential pivot back to conventional energy stocks, such as oil, gas, uranium and even coal. He accentuates Australia’s abundant resource reserves and the perpetual demand for these commodities.

 

Watch the entire interview here!

 

Blog Categories

Get Our Top 5 ASX Stocks for FY25

Recent Posts

custodian trades

Custodian trades: Here’s why it wasn’t really JP Morgan, HSBC or CBA that risked their money on your stock

Custodian trades are trades that make it appear like a major bank has bought or sold your company, but it…

ross stores

Ross Stores (NDQ:ROST): US$20bn in revenues from serving America’s depraved working class

Ross Stores (NDQ:ROST) is an S&P 500 company that is well and truly for the working class, being America’s largest…

ASX IPOs that bounced back

6 ASX IPOs that bounced back with a vengeance after a nuanced debut

The list of ASX IPOs that bounced back is nowhere near as long as the list of IPOs that flopped…