Lithium miners rise as prices surge after China revokes mining licences

U.S.-listed shares of lithium miners rise premarket after prices of the light metal surge in China

Natural resource authority in China's main lithium-producing hub Yichun said it would revoke 27 mining licenses

The most-active lithium carbonate contract on the Guangzhou Futures Exchange jumped to 109,860 yuan ($15,592.27) a metric ton, its highest since June 2024, earlier in the session before ending the day up 7.61% at 108,620 yuan

Albemarle ALB.N rises 3.2%, while U.S.-listed shares of Chilean miner SQM SQM.N SQMA.SN gain 4.3%

Canadian miner Sigma Lithium SGML.O SGML.V rises 8.5%, Lithium Americas LAC.N LAC.TO adds 2.9% and Standard Lithium SLI.N SLI.V gains 2.6%