Preference for Lithium Explorers
As we’ve been noting for a few months now, the macro situation is worsening. There’s no doubt now that the industrial production cycle has peaked and, with energy prices up so much and higher interest rates the order of the day, it’s almost certain that the consumer, at least in the Western World, is going to be affected. That normally spells bad news for the more industrially-leveraged commodities like aluminium, copper and zinc. In this case it may not do so for aluminium and zinc because of the smelter shutdowns in Europe as a result of high power prices. But...