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SLI - Standard Lithium: No More Than Neutral With Bleaker Li Prospects
SL Industries Inc.
2024-02-23 23:36:55 ET
Summary
For Standard Lithium Ltd. a “Hold” rating is recommended due to the lack of bite in the outlook for lithium.
The excess of lithium on the market and the lack of incentives to purchase electric vehicles are negatively impacting investments in new lithium mining projects.
The impending economic recession and the risk associated with shares of Standard Lithium Ltd. further contribute to the recommendation of a "Hold" rating, and currently, shares are oversold.