Lithium miners fall as prices plunge in China after moves to curb speculative trading
U.S.-listed shares of lithium miners fall premarket
Lithium prices in China fall sharply, short-circuiting a rally, after the main exchange steps in to curb speculative trading and on a report that battery giant CATL 300750.SZ could restart production at its flagship lithium mine
The most-traded lithium carbonate contract on the Guangzhou Futures Exchange closed daytime trading down 9% at 91,020 yuan ($12,801.15) per metric ton, hitting its lower limit and giving back most of this week's gains
The contract on Thursday hit its highest since June 2024 at 102,500 yuan a ton
Albemarle ALB.N dips ~6%, while U.S.-listed shares of Chile's SQM SQMA.SN, SQM.N down 5.5%
Sigma Lithium SGML.O dips 6%
Shares of Lithium Americas LAC.N and Standard Lithium SLI.N were down 3% and 5.4%, respectively
($1 = 7.1103 Chinese yuan renminbi)
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