Asset Allocation: Stick with HR Lithium
Sorry to sound like a broken record but we genuinely do believe that lithium looks like the best game in town at the moment! It was the clear leader in August and we expect it to again be the clear leader in September. Absent visibility on the global economy, we really don’t see any reason for the LME metals to recover strongly. Vanadium is likely to remain beholden to steel, which is slowing. REEs have had a strong run over the summer but will likely consolidate for a while longer. While we’re more positive on Manganese, the sheer lack of...