Key Facts
The LIT ETF closed down 0.87% at US$75.92, tracking a basket of lithium miners and battery producers rather than spot lithium itself.
Albemarle bucked the trend rising 1.00% to US$134.51, a recovery after Tuesday’s 5.89% drop for the world’s largest lithium producer.
Chile’s SQM fell 1.17% to US$78.28, reflecting continued pressure on the country’s state-linked lithium strategy and soft Chinese prices.
Chinese spot lithium carbonate drifted lower on Wednesday, according to SMM’s daily review; the most-traded Guangzhou futures contract had closed Tuesday at 149,300 CNY per tonne, about US$22,200 at 6.72 yuan per dollar.
