Lithium futures rose on strong cross-market demand

Lithium futures rose on strong cross-market demand, particularly in the energy storage segment. Spot market tightness has fueled hedging activity, pushing futures up by 1.9% intraday. "We greatly appreciate the support of the administration, General Motors and our partners," Jonathan Evans, CEO of Lithium Americas, said. A suspended CATL operation set off a speculative rally in lithium prices, even as demand stays weak and regulators eye market excesses. Lithium futures hit a new monthly high at $71,200/ton, boosted by sustained demand from Chinese battery plants. The MACD indicator remains positive, implying further upside potential. Supply bottlenecks in Chile continue to support bullish sentiment.