Short-Term Selling of Lithium Could Yield to Long-Term Strength
July 23, 2024 at 09:25 AM EDT
Amid a global supply glut of electric vehicles (EVs), lithium may be under short-term selling pressure. But an increased demand for EVs in the long term could also portend to the metal’s future strength. The metal’s prices experienced a surge in 2021-2022. But that would only give way to a downtrend. That’s because EV demand [...] The post Short-Term Selling of Lithium Could Yield to Long-Term Strength appeared first on ETF Trends .
