Lithium miners gain after China's CATL says it will adjust production

Sigma Lithium

11/09/2024 15:43

(Updates)
    ** Lithium miners' shares gain after Chinese EV battery
maker CATL  300750.SZ  says it plans to make adjustments to
lithium carbonate production in Jiangxi
    ** A UBS report earlier said CATL suspended two mines
    ** Report adds suspensions could cut ~8%, or around
5,000-6,000 metric tons, of China's monthly lithium carbonate
production    
    ** Shares of largest U.S. lithium producer Albemarle  ALB.N 
up 10.2% - top gainer on the S&P 500 index  .SPX 
        ** U.S.-listed shares of Lithium Americas  LAC.N , Sigma
Lithium  SGML.O  and SQM  SQM.N  up between 6.8% and 15.5%
  

    

 (Reporting by Sourasis Bose in Bengaluru)
 ((sourasis.bose@thomsonreuters.com))