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Stock impact report

Lithium's Ongoing Slump Has Traders Searching for Recovery Signs [Yahoo! Finance]

Lithium Americas Corp. Common Shares (LAC) 
Last lithium americas corp. common shares earnings: 11/12 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
have fallen again this month, with inventories piling up as electric vehicle demand signals stay gloomy. Most Read from Bloomberg Nvidia Sales Grow So Fast That Wall Street Can't Keep Up How Long Will High Rates Last? Bond Markets Say Maybe Forever Russia Is Storing Up a Crime Wave When Its War on Ukraine Ends CDK Hackers Want Millions in Ransom to End Car Dealership Outage Hedge Funds' Bullish Copper Bets Run Into China's Slowdown Spot prices of lithium carbonate in China have slid to the lowest since August 2021 and the most-active futures on the Guangzhou exchange have lost 12% so far this month. In top producer Albemarle Corp.'s latest auction on June 19, the winning bid was down 6.9% from the previous sale on June 5. The declines follow a plunge of more than 80% in 2023 due to a glut and slowing demand growth. Although prices stabilized earlier this year, the supply-chain is still working to clear inventories, with customers holding off purchases. The bearish sent Show less Read more
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