Lithium ETF Gains 1.2% as SQM Rises 2% | Lithium, Oct 5
The LIT lithium ETF rose 1.23% on Monday and Chile’s SQM gained 2.03% while Chinese futures stayed shut for a holiday. See the board and outlook. The post Lithium ETF Gains 1.2% as SQM Rises 2% | Lithium, Oct 5 appeared first on The Rio Times .
Lithium shares climbed on Monday despite China being closed for its National Day holiday. The LIT exchange-traded fund increased 1.23%, reaching US$70.13. SQM, a Chilean producer listed in New York, saw a 2.03% gain, pushing its price to US$65.83. LIT and SQM are the primary ways for US investors to gain exposure to lithium. With no Chinese price influence, the shares moved based on sentiment.
When Chinese futures resume trading on October 8, fresh lithium prices will be available. The LIT fund's settlement at US$70.13 represents a 1.23% rise. Albemarle, however, declined 0.21% to US$104.37, indicating not all producers benefited from the rally. The recent gains reflect a risk appetite across emerging markets and lithium shares, rather than new lithium prices.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
