Lithium miners rise after prices gain in China

Frontier Lithium

29/02/2024 16:51

(Updates)
    ** U.S.-listed shares of lithium companies rise as prices
for lithium carbonate gain in China
    ** Battery-grade lithium carbonate prices rise to
96,500-102,500 yuan/ton, up 1.5% from the previous working day,
according to Shanghai Metals Market
    ** Shares of companies like Albemarle  ALB.N , Arcadium
Lithium  ALTM.N , Piedmont Lithium  PLL.O  and U.S.-listed
shares of Chile's SQM  SQMA.SN   SQM.N  up between 4% and 8.8% 
    ** Canadian lithium companies like Frontier Lithium  FL.V ,
Lithium Americas  LAC.TO  and Lithium Royalty Corp  LIRC.TO  up
between 6% and 13% 
    ** Open interest in China's most-traded July lithium
carbonate contract on the Guangzhou Futures Exchange increased
for five days in a row on Wednesday
    ** Analysts say environmental inspections in key producing
regions in China along with brighter demand outlook was leading
to some supply concerns
    ** SQM, on a call with analysts, said it expects stable
lithium prices for the next three months and anticipates strong
demand through the year

 (Reporting by Seher Dareen in Bengaluru)
 ((Seher.Dareen@thomsonreuters.com;))