Lithium Fund Falls 2.32% as Albemarle Drops 2.75% | Lithium, Oct 16

Lithium Fund Falls 2.32% as Albemarle Drops 2.75% | Lithium, Oct 16

The LIT lithium fund fell 2.32% to US$64.05 on Friday 16 October as Albemarle dropped 2.75% and Chile’s SQM slipped 0.45%. See what moved.

Albemarle's Lithium Story Meets a Tech-Sector Mood Swing

Albemarle shares closed Friday at 84.96 euros, down 3.0 percent, as a wave of risk aversion across US equity markets washed over battery-material producers. No company-specific announcement drove the move, according to media reports. Instead, investors pulled back broadly, and the lithium-focused LIT exchange-traded fund slipped in step with the wider market. The trigger came […]