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Lithium stocks jump on reports of possible cut in Chinese supply

Lithium stocks jump on reports of possible cut in Chinese supply

In a report today, September 11, analysts at UBS reported the potential suspension by Chinese electric vehicle battery maker Contemporary Amperex Technology (CATL) of production at its massive lepidolite lithium mine in eastern China. The suspension would amount to an 8%, or roughly 5,000-6,000 metric tons, reduction of China’s monthly lithium carbonate equivalent production. And lithium stocks, depressed by low prices as a result of oversupply in the lithium market, were off to he races today.

Special Report: Your 10 Best Moves for the Rest of 2023, Part 2–10 of 10 Moves (revised on 10/22)

Special Report: Your 10 Best Moves for the Rest of 2023, Part 2–10 of 10 Moves (revised on 10/22)

So what do you do with your portfolio for the rest of 2023? And what’s your best strategy to be prepared for 2024? In Part 1 of this Special Report I laid out the 10 developments that I thought would drive the financial markets for the rest of 223 and into 2024. Today, in Part 2, I’m going to give you the first 2 of 10 moves to take–with as much detail and as many specifics as possible–that you should be making now to position your portfolio for the uncertainties of the last quarter of 2023.