Lithium miners rise on China stimulus package

Piedmont Lithium

27/09/2024 14:05

** U.S.-listed shares of lithium mining companies rise
premarket after China announces stimulus measures to boost its
slowing economy 
    ** "...shares have rallied driven by China's announcement of
stimulus policies that should drive higher demand as well as
higher futures and spot prices in China" Seth Goldstein, analyst
at Morningstar
    ** Piedmont Lithium  PLL.O , Arcadium Lithium  ALTM.N  and
Albemarle  ALB.N  rise between 1.1% and 2.7%
    ** U.S.-listed shares of Chilean miner SQM  SQMA.SN ,
 SQM.N  up 2.9%
    ** U.S.-listed shares of Canada-based Lithium Americas
 LAC.TO ,  LAC.N  gains 1.8%

 (Reporting by Pooja Menon in Bengaluru)
 ((Pooja.Menon@thomsonreuters.com))