Goldman: EV Battery Commodities Bull Run Over

There will be a “sharp correction” in lithium prices, with the metal averaging under $54,000 a ton this year, down from a spot price of over $60,000. It will fall further to an average of just over $16,000 in 2023, the Wall Street bank said.

Goldman calling for downdraft on Lithium (as seen in the paragraph above) shows a disregard for the setup of a bull flag on the Lithium ETF weekly chart. Also, Nickel looks ready to rally again.

$LIT Lithium looks ready to break out from weekly chart bull flag yet Goldman warns this in a Bloomberg piece.

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