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.
A “Hold” Rating on Standard Lithium Ltd.
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Standard Lithium: No More Than Neutral With Bleaker Li Prospects