🔴 Lithium ETF (LIT) is trading 5.1% down in pre-market amid lithium price declines

LIT is trading at $60.00, down 5.06%, amid falling lithium prices and weaker global sentiment.

• Lithium prices fell 3.26% on October 22; Chinese market commentary also reported a sharp midweek lithium-futures drop, pressuring the sector.
• Asian shares weakened amid AI-spending concerns, while Brent crude rose on Middle East supply fears.
• The available evidence does not establish a single catalyst for LIT’s full pre-market move.