Lithium price slips again in China, dragging Albemarle and SQM shares lower before Wall Street opens
China’s battery-grade lithium carbonate price fell about 4% to 134,500 yuan per tonne, pressuring lithium stocks in U.S. premarket trading. Albemarle dropped 7.2%, SQM slipped 4%, and Lithium Americas lost 8.6%. Shanghai Metals Market said downstream stockpiling ahead of Lunar New Year is nearly complete. LME lithium hydroxide CIF slid 3.3% to $17,600 per tonne.