Asset Allocation: Stay defensive for now
We wrote last month about the snap sell off at the start of August. Luckily the markets stepped rather away from that during the rest of the month but global markets remain volatile. There is no doubt that global economic growth concerns are now dominating equity markets and that’s putting a lot of downward pressure on commodities and cyclicals. And the battery value chain is squarely in that segment. We definitely think that lithium prices are pretty close to their trough but we still think that analysts’ long-term price forecasts are too high, which means that valuations are too high...
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Brine
Cathode
Cell manufacturers
Cobalt
Copper
Developers
DLE
EV manufacturers
Explorers
Graphite
Hard rock
Lithium
Midstream
Producers
