Analysts noted consistent demand spikes after EV manufacturers announced production target increases. Charts show buyers defending new support zones near $69, U.S.-listed shares in Lithium Americas jumped 32% to $7.51 in premarket trading on Wednesday. CATL’s stalled production at Jianxiawo fueled fears of a lithium crunch and sent CME lithium carbonate prices up 27% since early August—driving lithium producer stocks higher, even with sluggish demand and chunky stockpiles. Speculators piled into futures on the Guangzhou Exchange, China’s new go-to for lithium pricing, where trading volume now dwarfs what the physical market needs. The exchange tried to rein in the frenzy with tighter position limits, but that did little to calm speculators—especially after CATL’s news hit the wires. Ongoing regulatory probes into CATL and other Yichun miners suggest Beijing might be eager to rein in runaway competition across key commodities . Still, experts like Fastmarkets highlight that this rally is powered mainly by trading hype, not a rush for the actual metal: buyers aren’t in a hurry, and inventories remain high. Price action in lithium futures stayed strong, even as broader commodity markets softened. Traders attribute resilience to structural demand in the energy transition sector. September delivery contracts posted a 2.5% gain, retaining momentum above $69,
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