Q: why the recent selloff down 37% thanks
5i Research Answer:
The sector has been clobbered as reports surfaced that lithium may actually be in oversupply as EV demand slows. Larger companies such as ALB have been downgraded and have been quite weak. Deutsche Bank downgraded LAC on October 18. Some investors may also be selling after the recent split of the company into two entities. We think the reaction is a bit harsh here and it is interesting at current levels.