Lithium stocks continued to outperform last week, as surging fuel costs, with diesel above US$3/litre, reigniting investor enthusiasm for EVs and battery storage. With heavyweight PLS Group (ASX:PLS) making new highs this month we see no reason to fade the move as the tailwind is likely to remain for the foreseeable future.
- We can see lithium pushing above $US2,500 as the Iranian war demonstrates the need for alternatives to fossil fuels.
MM is bullish toward lithium ~$US2,400
