GALXF - Lithium Stocks Suffer as Investors Turn to the Cannabis Market

Lithium mining companies voiced their concerns last week after attendance at the Fastmarkets Lithium Supply and Markets Conference in Santiago, Chile revealed very little interest in the lithium market. It seems that lithium stocks are losing capital as investors and fund managers shift their focus to cannabis.

The half-empty conference was a stark contrast to last year’s event, when lithium prices reached historic highs, which at the time had raised concerns over the need for more capital to meet the growing demand for the metal.

Although the market is still oversupplied, unwavering demand for ...