🔴 PMET Resources is trading 5% down today amid lithium price declines

PMET Resources is trading at CA$3.23, down 5.13%, with falling lithium prices likely acting as a sector headwind.

• Benchmark lithium fell 3.56% on October 15; battery-grade lithium carbonate was down 14.7% for the week.
• Reuters reported global stocks edging lower on October 16 amid rate-hike concerns and an AI-related selloff.
• No new company-specific catalyst for October 16 was found; recent PMET announcements were an amended report and a logistics LOI.