ASX lithium miners slide as weaker lithium prices weigh on sector
Investing.com -- Australian lithium stocks fell broadly on Tuesday, tracking renewed weakness in lithium prices as investors weighed expectations of rising supply and subdued near-term demand for the battery metal. Unlock premium lithium market insights and analyst research with InvestingPro China's benchmark lithium carbonate futures have fallen roughly 10% from their recent highs and were trading near CNY155,000 per tonne on Tuesday.The key EV battery ingredient remained under pressure after retreating sharply from recent highs, with sentiment also dented by expectations of increased supply following the restart of major Chinese production.
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Investing.com -- Australian lithium stocks fell broadly on Tuesday, tracking renewed weakness in lithium prices as investors weighed expectations of rising supply and subdued near-term demand for the battery metal. Unlock premium lithium market insights and analyst research with InvestingPro China's benchmark lithium carbonate futures have fallen roughly 10% from their recent highs and were trading near CNY155,000 per tonne on Tuesday.The key EV battery ingredient remained under pressure after retreating sharply from recent highs, with sentiment also dented by expectations of increased supply following the restart of major Chinese production. Wildcat Resources Ltd (ASX:WC8) led losses among the major lithium names, falling more than 8% to its lowest level since April 16. Delta Lithium Ltd (ASX:DLI), the Western Australia-focused lithium developer, dropped nearly 6% to its weakest level since June 29, while Argosy Minerals Ltd (ASX:AGY), which is developing the Rincon lithium project in Argentina, fell more than 4%.
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- Investing.com -- Australian lithium stocks fell broadly on Tuesday, tracking renewed weakness in lithium prices as investors weighed expectations of rising supply and subdued near-term demand for the battery metal. Unlock premium lithium market insights and analyst research with InvestingPro China's benchmark lithium carbonate futures have fallen roughly 10% from their recent highs and were trading near CNY155,000 per tonne on Tuesday.The key EV battery ingredient remained under pressure after retreating sharply from recent highs, with sentiment also dented by expectations of increased supply following the restart of major Chinese production.
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ASX lithium miners slide as weaker lithium prices weigh on sector
Sources1TypeCoverageInvesting.com · Stock Market