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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Liontown Resources Limited | ASX:LTR | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.04 | -3.67% | 1.05 | 1.04 | 1.05 | 1.075 | 1.035 | 1.07 | 10,374,479 | 07:40:26 |
From Jun 2021 to Jun 2024
By Yifan Wang
Shares of Chinese lithium suppliers jumped on Thursday, as prices of the battery-making commodity continued to rally on supply tightness and a booming electric-car market.
Tianqi Lithium Corp. soared 10% in Shenzhen to hit its daily fluctuation limit, while Ganfeng Lithium Co. rose 7.8% by mid-day trading break. Chengxin Lithium Group Co. and Sinomine Resource Group Co. were by 7.9% and 10% respectively.
The upturn extended a recent rally in the lithium sector amid an upbeat price outlook for the metal.
Investment bank Citi has recently substantially raised its price forecast for lithium, doubling its estimate for spot battery-grade lithium carbonate prices in China this year. Its optimism is supported by "higher electric vehicle production and sales expectations, and resulting tighter short-medium term market balances," the bank wrote in a recent note.
Appetite for lithium shows no signs of slowing. In one recent deal underscoring demand strength, Tesla Inc. on Wednesday inked a five-year agreement to buy lithium products from Australian miner Liontown Resources Ltd.
Write to Yifan Wang at yifan.wang@wsj.com
(END) Dow Jones Newswires
February 16, 2022 23:26 ET (04:26 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
1 Year Liontown Resources Chart |
1 Month Liontown Resources Chart |
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