A year ago this week, I wrote about investing in lithium.
The title of the piece — “Should You Buy Into the Lithium Mania?” — hinted at my skepticism about the boom in lithium prices and lithium stocks.
I quoted Robert Friedland — well known in the mining community for speculative forays into the sector — who predicted: “The lithium market will end in tears.”
As it turns out, I was wrong — at least up to now.
Both lithium prices and lithium stocks have soared since then.
Sociedad Química y Minera de Chile S.A. (SQM) — the world’s largest producer of lithium –jumped over 75% in the past year.