Lithium miners dip as EV sales weaken, Middle East tensions rise

Shares of lithium miners fall as weaker sales from major electric vehicle manufacturers and escalating Middle East tensions dampened demand prospects

The most-active lithium carbonate contract on the Guangzhou Futures Exchange fell 12.99% to close daytime trading at 150,860 yuan a metric ton, hovering near its 13% daily limit

Albemarle ALB.N drops 10.3%, and Chilean miner SQM SQMA.SN falls 12%

Canadian miners Sigma Lithium SGML.V dips 14.4%, Lithium Americas LAC.TO down 8.2% and Standard Lithium SLI.V falls 7.5%