Lithium stocks decline for second day as GS sees sharp correction in prices

Lithium Ionic

01/06/2022 16:30

** Shares of U.S. and Canadian lithium stocks tumble for a
second consecutive session, among biggest decliners across U.S.
exchanges
    ** Goldman Sachs said in a note on Sunday that it believes
the battery metals bull market is over for now  urn:newsml:reuters.com:*:nL1N2XN20J
    ** Declines also follow a crash in Australian battery metal
miners  urn:newsml:reuters.com:*:nL4N2XO0MF
    ** Piedmont Lithium  PLL.O  down 12.1%, Livent  LTHM.N  down
12%, Sigma Lithium  SGML  down 11.8%, Albemarle  ALB.N  down
8.6%, and Chile's SQM  SQM.N  down 4.5%
    ** Stocks closed 3.1% to 9% lower on Tuesday
    ** U.S.- and Canada-listed shares of Lithium Americas
 LAC.N   LAC.TO  down 8.5% each; stocks closed down 12.8% and
14.6%, respectively, on Tuesday
    ** Standard Lithium  SLI.V  loses 2.3% while Lithium Ionic
 LTH.V  loses 4%
    ** Global X Lithium & Battery Tech ETF  LIT.P  drops 1.9%

 (Reporting by Ruhi Soni in Bengaluru)
 ((Ruhi.Soni@thomsonreuters.com
Twitter: https://twitter.com/ruhithere))