Watching this batch of mining resource stocks—ALM, LEU, LAC, MP—collectively tank today is really a bit speechless. Analysts are desperately raising target prices on one hand, and the stock prices just refuse to cooperate. Especially LEU, which took a nosedive right after its earnings report came out. Buying at the peak can only be self-consolation as "the long-term logic is still there." We can accept LAC fluctuating with lithium, but MP even ran into executives selling shares. The atmosphere is truly depressing. Betting on the resource cycle recently feels like staying up all night waiting for dawn, floating up and down relying solely on faith.
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