‘Sub’ lithium and nickel out of the game

A year ago, I wrote about the oversold extremes seen in Nickel and Lithium.

Those extremes were illustrating my contrarian interest in ‘buying straw hats in winter’.

Then, “nobody” wanted to own lithium or nickel related securities.

There are also several articles in my archive featuring ASX listed Lithium and Nickel producer, IGO Group, where I warn of its overbought and oversold extremes.

Now, my weekly Macro Extremes publication lists Lithium (Carbonate & Hydroxide) and Nickel as being in overbought territory.

And today, IGO Group is completing a reversion up to a longer term mean.

It looks like we are getting to upper end of this bounce, particularly when various stocks have nearly trebled from their recent lows.

January 13, 2026

rob@karriasset.com.au

Observing IGO Group’s stock price extremes

Nickel prices are nearly there