Lithium (Li) Companies have had an incredible 6-9mths, most 2x or 3x higher. So you could be forgiven to think they were ripe for some news to temper the run. The news that has seen weakness across the board is that Chilean Corfo (Govt) said it had struck a deal with lithium company SQM (SQM.NYS), ending a long dispute over royalties in Chile’s Salar de Atacama, home to one of the world’s richest lithium deposits. The supply implications have sent Li names lower across the board, including SQM (-6.6%) who made the deal and get to develop the deposit! Note discusses (VIEW LINK)
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