New York, Jan 14, 2026, 07:17 EST — Premarket
Albemarle shares climbed 4.5% in premarket action Wednesday, while Chilean miner SQM gained 4.2%, following a new rise in lithium prices in China. Battery-grade lithium carbonate ticked up 2.19% to 163,000 yuan per metric ton, according to Shanghai Metals Market data. (Metal)
Lithium’s price swings carry weight since it’s the crucial battery metal powering electric vehicles and grid storage. Even slight shifts can upend producers’ cash flow. Following a prolonged downcycle that tightened margins and stalled projects, traders have flipped lithium back into a momentum-driven market.
Beijing’s latest policy move is driving lithium prices higher. On Monday, lithium surged after China announced it would reduce value-added tax export rebates for battery products—a tax refund exporters currently receive—sparking speculation about a shipping rush before the cuts take effect, Reuters reported. The most-active lithium carbonate contract on the Guangzhou Futures Exchange hit its daily limit, jumping 9% to 156,060 yuan a ton. According to China’s finance ministry, the rebate will drop from 9% to 6% in April and will be eliminated entirely starting Jan. 1, 2027, the report added. (Reuters)
Analysts are turning more positive. Scotiabank upgraded Albemarle to “Sector Outperform,” setting a $200 price target. Analyst Ben Isaacson described the rally as “only the first leg” of a “multi-year tightening cycle,” and he raised his long-term forecasts for lithium carbonate equivalent and spodumene concentrate. (Streetinsider)
Other lithium-linked stocks showed a mixed but generally steady trend. The Global X Lithium & Battery Tech ETF rose 0.8% in premarket action. Lithium Americas climbed 1.4%, but Sigma Lithium dipped 0.7%.
Demand news from China is hitting alongside other updates. On Wednesday, three Chinese government bodies met with new energy vehicle makers, urging them to avoid “disorderly price wars.” Authorities warned they would increase monitoring and enforcement, Reuters reported. (Reuters)
For miners, the key issue is if the surge in battery exports turns into an actual demand for raw materials—or remains a futures market squeeze. In lithium, spot and contract prices often diverge for weeks, particularly when policy announcements outpace supply chain adjustments.
But the rally isn’t without risks. A slowdown in the EV market, a halt in grid-storage orders, or a faster-than-expected return of idled supply could quickly send prices tumbling. Lithium’s known for swinging sharply in both directions.
Investors are shifting focus to company-specific updates. Albemarle announced it will release its fourth-quarter 2025 results after the NYSE closes on Feb. 11, followed by a conference call scheduled for Feb. 12 at 8 a.m. EST. (Albemarle)
