AMG shares on the rise, tailing hike in lithium prices

AMG Critical Materials NV

11/04/2024 12:56

** Shares in AMG Critical Materials  AMG.AS  are up 4.6%,
tracking improved lithium prices as the Dutch miner and lithium
supplier recovers from a drop earlier in 2024
    ** "The share price has been hammered in recent months,
because of the drop in lithium prices, so I would qualify
today's move as a recovery from these movements," says ING
analyst Stijn Demeester
    ** Between April 1 and April 11, lithium carbonate prices
climbed by 4.65% to CNY 112,500 per ton, after dropping close to
CNY 95,000 per ton in January
    ** The AMG stock fell nearly 12% between Jan. 1 and Feb. 22;
it has gained 16% since the start of April
    ** Demeester notes a similar recovery can be seen in other
actors in the sector, such as European Metal Holdings  EMHE.L 
which is up 34.5% since the beginning of the month

 (Reporting by Alban Kacher)
 ((alban.kacher@thomsonreuters.com))