Lithium miners gain on potential supply cut expectations

Sigma Lithium

24/07/2025 10:37

** U.S.-listed shares of lithium miners rise in premarket trading as China lithium futures hit five-month high on potential supply cuts of the key electric vehicle battery material

** Beijing has pledged a crackdown on cut-throat price competition, fuelling expectations of supply-side reforms in sectors plagued by overcapacity

** The most-active lithium carbonate futures on the Guangzhou Futures Exchange touched their highest since February 25 at 77,240 yuan ($10,800.98) a metric ton in afternoon trading

** Albemarle ALB.N shares rise 4.8%, Sociedad Quimica SQMA.SN, SQM.N up 4.7%

** Lithium Americas LAC.TO, LAC.N gains 4.9%, Sigma Lithium SGML.V, SGML.o rises 3.5%, and Piedmont Lithium PLL.O up marginally

($1 = 7.1512 Chinese yuan)

 (Reporting by Pranav Mathur in Bengaluru)

 ((Pranav.Mathur@thomsonreuters.com;))