Recharge Resources Ltd (RECHF)

[CommodityCoverage]

"Demand is absolutely there," said Pilbara CEO Dale Henderson. "It's just a case of moderating pricing. It's still a very healthy market."

Despite growing headwinds, lithium producers are remaining bullish on electric vehicles as, while the spot price has decreased, there has not been an "evaporating of demand which would validate the trajectory of the spot price". As the market volatility is expected to be short-term, electrification is expected to keep growing in the long run: https://www.reuters.com/markets/commodities/lithium-producers-stay-bullish-evs-despite-growing-headwinds-2023-11-02/