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

📆 07/10/2024 17:56:00
📰 BNNBloomberg

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

Materials Notícia

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.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

Escrever Comentário

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

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...
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »