Lithium ETF Gains 1.3% as Albemarle Rises 1.9% | Lithium, Oct 6
Lithium shares rose on 6 October without a price signal from China, which was on holiday. Chile's SQM and US-listed Albemarle gained as markets await Thursday. The post Lithium ETF Gains 1.3% as Albemarle Rises 1.9% | Lithium, Oct 6 appeared first on The Rio Times .
On Tuesday, October 6, lithium-related shares saw a rise as investors bought into the sector despite no fresh price signal from China, which was closed for the National Day holiday. The Lithium & Battery Tech ETF (LIT) climbed 1.34% to $71.07, with Albemarle, a major US lithium producer with Chilean assets, gaining 1.90% to $106.35.
Chilean lithium producer SQM also posted a modest gain of 0.52% to $66.17. The gains come as US stocks reached a record high that day. With Chinese markets back open on Thursday, traders will be watching to see if lithium prices in the main market line up with the bullish sentiment in share prices.
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