BUZZ-Lithium miners gain after EV stock rally

Reuters04-29

** Lithium miners gain, tracking a rise in electric vehicle $(EV)$ stocks

** EV stocks were up on Monday tracking Tesla after the U.S. automaker clears key regulator hurdles for self-driving in China

** Arcadium Lithium jumps 16%; Albemarle and Piedmont Lithium gain 6.5% and 9.1%, respectively

** U.S.-listed shares of Sigma Lithium and SQM

up 4.1% and 6.1%, each

** "Lithium stocks are rallying on improved EV sentiment, especially in China as we are also seeing Chinese EV producers rally," Morningstar analyst Seth Goldstein says to Reuters

** Goldstein also says Saudi Arabia buying lithium resources could also help lithium market sentiment

** A senior minister of Saudi Arabia told Reuters that the country is committed to sourcing lithium from overseas as it looks to produce EV batteries and invest in the electric vehicle sector

(Reporting by Sourasis Bose in Bengaluru)

((Sourasis.bose@thomsonreuters.com))

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