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What is Happening to Junior Mining Stocks? How One World Lithium is Changing Everything!
After writing an article on Cobalt last year I bought some shares which increased 30 times over 15 months and will probably lose money as it is currently trading for less than my purchase price — aggh!
Has marijuana and crypto currencies replaced those beautiful components (Cobalt and Lithium) of my favourite iPhone? It seems so. All my broker buddies took the summer off. One even went hitchhiking around Canada telling me it wasn’t worth checking his phone.
According to Mining.com, at the end of February, 2018, Morgan Stanley sent shares of junior lithium exploration companies tumbling as much as 90% after the investment bank forecast a huge surplus in the market for the battery raw material in 2022.
The negative assessment raised eyebrows in the industry with executives criticizing Morgan Stanley for vastly underestimating the rise in demand which continues to outstrip supply.
So now my portfolio has a bigger problem, Lithium — or does it? The demand for both Li and Co can’t diminish when every auto manufacturer in the world is building electric vehicles.
I’ve followed another exploration company in Vancouver for some time and after writing about it decided to invest in it too. One World…
