Market weakness likely; Lithium to outperform
We’re becoming increasingly concerned about the macroeconomic outlook, and with it, the outlook for equity markets. In our view, the probability is increasing of a significant equity market correction before the end of the year. If we do get such a correction, it’s highly unlikely that battery materials equities will shrug that off. They will be affected, just as the rest of the stock market will, so that should be a note of caution to investors. But our job is not to say what the market will do, but instead to highlight which battery materials segments will perform best and...