On the lithium side of non-ferrous metals mining: Ganfeng Lithium fell 2.2%, Tianqi Lithium fell 1.1%. On the same day, Lithium Americas rose 13%, and its options exploded by 700%. The narrative for US-listed lithium mining stocks and the performance of Hong Kong-listed lithium mining stocks today have completely diverged.
LAC's move was driven by options pushing, while the Hong Kong-listed lithium mining sector is digesting the fundamental reality of oversupply. The two markets have different pricing frameworks for "lithium"🤔
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