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I'm your host Julie Morgan.

Lithium miners are under pressure on the impact of supply and demand.

Solar winds and his chief information security officer are charged with fraud fraud and Jabel enters into an agreement with Intel

Lithium miners albumarls, SQM and Livent all closed lower in Mondays trading 5.2 4.6 and 3.1% respectively as prices

come under increasing pressure due to concerns of declining near-term demand and oversupply.

Al Rooted Barons attributed the latest drop to events at a U.S.

Semiconductor Maker, a Japanese Battery Maker, and a Chinese miner.

First on semiconductor, a key supplier of chips for automakers,

issued downside guidance for Q4 revenues of $2 billion,

below Wall Street estimates for nearly 2.2 billion dollars

which sent the stock plunging nearly 22% on the dame. Second battery maker

Panasonic cut its fiscal year 2024 sales forecast to $56 billion, down from a previous

forecast for $57 billion, with sales at its Energy Division, which includes batteries and other products lowered by 15% to 5.9 billion dollars.

Blamed in part on weakening demand for high-end EVs.

Third city analyst Jack Chang

downgraded Chinese lithium miner Tianchi lithium to sell from buy,

saying lithium or price trends weaker amid oversupply in upcoming years,

while also cutting earnings estimates for 2023,

2024, and 2025. Solar Winds and its chief information security officer were charged with fraud and internal control failures by the SEC on Monday. The Securities and Exchange Commission said solar winds and

executive Timothy Brown defrauded investors by overstating the company's

...