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SQM - The EV Metal Miners' Downturn Looks To Have Bottomed Or Will Likely Bottom In 2019 Or Early 2020
Sociedad Quimica y Minera S.A.
This article first appeared in Trend Investing on August 13, 2019; therefore, all data is as of that date.
It is mid-August 2019 and some of the electric vehicle [EV] metals are starting to show signs of bottoming, and perhaps recovering. The star for now is nickel, but cobalt is also recovering. Lithium is stabilizing and graphite remains weak.
In this article I consider if we have reached the EV metals bear market bottom, and when the recovery will take hold.
Lithium
Lithium prices have been falling slowly for over a year now and a