On June 12, Albemarle rose 5.57% in regular trading, trading at $165.46/share, with turnover of $45.24 million.
On the news front, the lithium carbonate futures main contract surged sharply during the session, with intraday gains exceeding 3.8%. Battery-grade lithium carbonate prices rose by RMB 2,250/ton from the prior day, with the mid-price reaching RMB 170,150/ton, drawing concentrated capital inflows into the lithium mining sector.
On the supply side, the cancellation of CATL's Jianxiawo lithium mine land pre-approval, combined with maintenance shutdowns at Qinghai salt lakes, has reinforced expectations of supply-side contraction. Institutions maintain their view that lithium prices are poised to strengthen in the second half of the year, with lithium mining leaders continuing to benefit from the tightening supply-demand dynamics. Additionally, anticipation that China may cut battery cell export tax rebates to 0% in January next year is expected to trigger a wave of battery stockpiling in the second half, directly boosting upstream lithium salt consumption.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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