US EditionTick, tock: there’s a boom brewing in one sector… - Fat Tail Daily
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Tick, tock: there’s a boom brewing in one sector… - Fat Tail Daily
We left off yesterday with the idea that the lithium sector might be bottoming out. You sure wouldn’t jump to that conclusion going off the price signal. Lithium is down 10% over the last 3 months, according to Wilson Asset Management. However… What do we see today? There’s news that Rio Tinto ($RIO) is going to invest US$900 million into a 49.9% stake in a Chilean lithium miner. This adds to the approximate US$7 billion Rio committed last year …
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