News Formal

Lithium Stocks Surge on Rio Tinto’s Approach to Buy Arcadium

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 22 sec. here
  • 21 min. at publisher
  • 📊 Quality Score:
  • News: 78%
  • Publisher: 50%

Materials News

Business,Canada,Top Canada

Shares of some lithium companies surged after Rio Tinto Group made an approach for Arcadium Lithium Plc.

Seth Goldstein, equity strategist at Morningstar, joins BNN Bloomberg and talks about more on Lithium.

Lithium stocks have struggled amid excess supplies and weak demand for the key battery metal used in electric vehicles. The spot price for lithium carbonate in China is down more than 85% from its peak in 2022. Lithium miners including Liontown Resources Ltd., Sayona Mining Ltd and Lithium Americas Corp. rose more than 10% on Monday. Shares of Global X Lithium & Battery Tech ETF gained more than 5% in New York.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Arcadium Lithium, Micron, Netflix: Stocks in focusMorning Brief hosts Brad Smith and Seana Smith delve into today's top stocks on Yahoo Finance. Arcadium Lithium (ALTM) shares are soaring as the company...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »