LIT is trading at $63.10, down 4.94% in pre-market, as a sharp lithium-price slide adds pressure.
- China’s most-traded lithium futures contract has fallen 14% since the start of the week amid concerns about weaker demand and oversupply.
- An EU-China deal expected to slow Chinese hybrid-car exports has raised concerns about battery and lithium demand; sluggish battery-material orders add to sector weakness.
- Hotter-than-expected U.S. inflation and steep Asian technology-market losses are pressuring growth-sensitive assets.