Lithium: The VanEck Rare Earths and Strategic Metals ETF hit a new multi-year low, down 2.2% overnight to levels not seen since November 2020. This ETF has been a pretty useful barometer for the lithium sector as its top holdings include Pilbara Minerals (7.48% of net assets), Albemarle (7.3%) and SQM (6.9%). Chinese lithium carbonate futures were trading slightly positive when our market closed but finished the session 0.9% lower to near year-to-date lows of 87,900 yuan a tonne.
Banter and general comments, page-39018
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