Lithium price jumps again as China spot hits 158,500 yuan; Albemarle stock pops premarket
Battery-grade lithium carbonate in China rose 3.9% to 158,500 yuan per tonne on Wednesday, according to Shanghai Metals Market. The Guangzhou Futures Exchange raised margin requirements and expanded daily price limits on lithium futures as volatility increased. Albemarle shares gained 5.8% in U.S. premarket trading, while SQM rose 3.4%.