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Mine Closure in China Sparks Lithium ETFs Rally
ZACKS· 2025-08-12 16:31
Lithium stocks and ETFs jumped on Monday after the suspension of a major Chinese mine. The suspension fueled hopes of easing the global supply glut. Albemarle gained nearly 16%, its biggest one-day jump in four months, Piedmont Lithium rose 18%, Lithium Americas climbed 14% and Chile’s SQM advanced 12%.Sprott Lithium Miners ETF (LITP) was the biggest winner in the lithium ETF space, jumping more than 14% on the day. iShares Lithium Miners and Producers ETF (ILIT) and Themes Lithium & Battery Metal Miners ET ...