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China’s lithium carbonate futures prices slid to a nearly 10-month low on Monday, as a deal with the European Union to cut hybrid cars exports exacerbated concerns over demand prospects for the electric vehicle battery material.The most active lithium carbonate contract on the Guangzhou Futures Exchange touched its…
Chinese lithium carbonate futures hit a nearly 10-month low as an EU trade deal on hybrid vehicle exports fueled demand worries, with the most active contract falling 11.8% in its sharpest single-day drop since March.
Albemarle and other lithium stocks fell after futures prices in China plunged as a deal to limit hybrid car exports to the European Union added to concerns over demand prospects.