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LAC Lithium Americas News Story

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Basic MaterialsSpeculativeMid CapTurnaround

SQM climbs, lifts lithium peers on bullish results and forecast

** SQM's ADRs SQMA.SN jump 5.6% premarket, lifting other lithium producers' stock

** Chilean miner's Q3 profit rises, boosted by record lithium volume sales and first rise in avg prices in two years

** CEO Ricardo Ramos expect upward trend to continue in Q4 on demand from EVs and energy storage systems (ESS)

** Peers Albemarle ALB.N up 3.7%, Lithium Americas ADRs LAC.TO up 3.4% premarket

** Sigma Lithium ADRs SGML.V jump 18.3%, also getting a lift from Canaccord Genuity raising its PT on the stock

     ** As of last close, SQM had jumped ~63% YTD, more than ALB's 41% gain but less than LAC 68% rise; Sigma down nearly 31%

 (Reporting by Utkarsh Tushar Hathi)

 ((utkarshtushar.hathi@thomsonreuters.com))

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