Lithium Miners Albemarle and SQM Hit 6-Month Lows | Lithium, Nov 3
Albemarle and SQM closed at six-month lows on Tuesday as weaker lithium prices cut into earnings. What it means for Chile and the wider sector. The post Lithium Miners Albemarle and SQM Hit 6-Month Lows | Lithium, Nov 3 appeared first on The Rio Times .
Lithium shares have been sliding towards their six-month lows, as reflected in the closing prices of Albemarle and SQM on Tuesday, November 3, 2026. The main reason for this decline is the drop in lithium prices and lower volumes, which are expected to negatively impact Albemarle's third-quarter results. Additionally, the market's nervousness, as indicated by the VIX, has led investors to sell riskier stocks, including lithium miners.
The lithium miners fund (LIT) has only gained 1.4% above its 12-month low, suggesting that the next few days will be crucial in determining the extent of the slide. Albemarle and SQM's earnings reports on Wednesday, November 4, will provide clarity on whether the weak lithium price has already been absorbed or if more pain is ahead.
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