Lithium miners gain on potential supply cut expectations

Sigma Lithium

24/07/2025 17:33

Updates

** Shares of lithium miners rise 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 ($10,796.61) a metric ton in afternoon trading

** Albemarle ALB.N shares rise 5.8% and U.S.-listed shares of Sociedad Quimica SQMA.SN, SQM.N up 4.4%

** Sigma Lithium  rises 5.7%

($1 = 7.1541 Chinese yuan renminbi)

 (Reporting by Pranav Mathur in Bengaluru)

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