Lithium price hits limit down in China, dragging Albemarle and SQM stocks — what to watch next
Albemarle shares fell 6.1% to $167.33 as China’s lithium carbonate futures dropped nearly 13%, triggering declines in SQM and Sigma Lithium. The Global X Lithium & Battery Tech ETF lost 6.3%. China’s most-active lithium carbonate contract closed at 150,860 yuan a tonne after hitting its daily limit-down. Weak February EV sales in China and risk-off flows into gold pressured sentiment.
