Lithium

An interesting annotated update on CXO, the previous lithium hopeful.

They reference the 85% fall in the lithium price, the reasons for ceasing mining production, and, it’s just an interesting story of a producer demoted back down to an explorer.

Below is just a handful of names, producers like PLS and IGO have held up vastly better than stocks like CXO, SYA, LTM and friends.

We still can’t quite get their on the valuations for PLS and IGO, but think there’s nothing else in the space that is especially interesting outside of those two (reasonably) well positioned names on the cost curve.

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