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Stock impact report

Lithium's Ongoing Slump Has Traders Searching for Recovery Signs [Financial Post (Toronto, Ontario, Canada)]

Lithium Americas Corp. Common Shares (LAC) 
Last lithium americas corp. common shares earnings: 11/12 07:00 am Check Earnings Report
Company Research Source: Financial Post
again this month, with inventories piling up as electric vehicle demand signals stay gloomy. Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Lithium industry watchers hoping the battery metal was poised to rebound from an epic slump have been hit by the realization prices have fallen again this month, with inventories piling up as electric vehicle demand signals stay gloomy. 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. Article content 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 hold Show less Read more
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