LIT is trading at $61.19, with a -3.13% change, as a sharp retreat in lithium prices weighs on it.

  • Benchmark lithium fell 3.26% on October 22; Chinese lithium carbonate futures had dropped sharply midweek and remained lower for the week.
  • Renewed Middle East tensions lifted oil and weighed on global equities, adding to broader risk aversion.
  • The lithium-price decline is the more direct explanation for LIT’s move.