The batch of cyclical resources and the automotive supply chain was generally weak today. $GWMOTOR(02333.HK) barely moved, $Albemarle(ALB.US) and $LOPAL TECH(02465.HK) both fell two to three percentage points. Lithium mining and lithium battery materials continued to grind along with the weakness in lithium prices; $Almonty Industries(ALM.US), this tungsten mining stock, also barely moved. The upstream/cyclical chain of vehicles, lithium, and tungsten is basically experiencing a slow decline or sideways movement in an environment where demand data shows no improvement and the US dollar remains strong, lacking independent catalysts. Before lithium prices hit bottom, any rebound in the materials sector will be quite forced. 🫠