🔴 Natural Resources ETF (LIT) is trading 3.18% down in pre-market as Chinese lithium futures fall

LIT is trading at $69.06, with a -3.18% change, as Chinese lithium carbonate futures fell overnight, renewing supply and oversupply concerns.

• Futures fell 1.9% to 130,600 yuan per tonne.
• The broader market is nearly flat, with futures mixed, suggesting the pre-market decline is sector-specific rather than a broad risk-off move.
• Chinese lithium prices had also recently weakened amid expectations of higher Australian production.