Kweichow Moutai stock price: 600519 slips again as China readies leverage curbs and GDP week

Kweichow Moutai Co Ltd’s Class A shares closed Friday down 0.5% at 1,382 yuan. Mainland markets are closed for the weekend, leaving investors to digest fresh leverage restrictions alongside a packed China data calendar ahead of the next session.

Lithium price whipsaws after China futures hit down-limit; Albemarle, SQM ease before U.S. open

Lithium price whipsaws after China futures hit down-limit; Albemarle, SQM ease before U.S. open

Lithium prices in China took a hit on Friday, with the top-traded lithium carbonate futures contract dropping nearly 9%, repeatedly hitting its daily down-limit at 146,200 yuan per metric ton, according to Shanghai Metals Market. Battery-grade lithium carbonate was valued at an average of 158,000 yuan a ton, down 1,000 yuan from the previous session. The SMM battery-grade index also slipped, falling to 159,477 yuan. SMM reported that upstream sellers hesitated to offer spot cargoes amid the price drop, while the lower levels brought some downstream buyers back into the market.
Rio Tinto stock price in focus: China approval risk hangs over Glencore talks

Rio Tinto stock price in focus: China approval risk hangs over Glencore talks

Rio Tinto plc shares head into Friday’s London session with China casting a shadow over any potential deal with Glencore. Analysts warn Beijing might demand asset sales to greenlight a merger. Barrenjoey’s Glyn Lawcock suggested China could leverage the talks to “squeeze out assets,” pointing out the merged company would represent around 17% of global copper supply. Barclays, however, estimates the figure closer to 7.5%.
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