Lithium Companies' Shares Are Moving Higher Wednesday: What's Going On?
Lithium Companies' Shares Are Moving Higher Wednesday: What's Going On?
Shares of lithium companies including, Sociedad Quimica y Minera (NYSE:SQM), Albemarle Corporation (NYSE:ALB) and Lithium Americas Corp. (NYSE:LAC) are trading higher Wednesday amid a rise in the price of lithium. The Chinese company Contemporary Amperex Technology reportedly stopped production at its mine in Jiangxi.
由于锂价格上涨，包括Sociedad Quimica y Minera（纽约证券交易所代码：SQM）、雅宝公司（纽约证券交易所代码：ALB）和美洲锂业公司（纽约证券交易所代码：LAC）在内的锂公司的股价周三上涨。据报道，中国宁德时代公司停止了其江西矿山的生产。
What To Know: The halt at this major mine may alleviate oversupply concerns. UBS Analysts, led by Sky Han, explained that the stop will prompt an 8% drop in China's lithium output, according to Bloomberg.
须知：这座主要矿山的停产可能会缓解供应过剩的担忧。据彭博社报道，由Sky Han领导的瑞银分析师解释说，此次停产将促使中国的锂产量下降8％。
Lithium shares have struggled throughout the past year as lithium supply has exceeded demand. The drop in China's lithium output could aid in rebalancing lithium supply and demand.
由于锂供应超过需求，锂股在过去一年中一直处于困境。中国锂产量的下降可能有助于重新平衡锂的供需。
UBS reportedly mentioned it has a, "higher conviction this time" that the Jiangxi mining halt news is true. Past reports about halted mining operations have been shown to be false.
据报道，瑞银表示，它 “这次更坚信” 江西停采矿的消息是真实的。过去关于停止采矿作业的报道已被证明是错误的。
Related Link: Canada Nickel Receives $500M Loan Interest From Government Agency For Ontario Project
相关链接：加拿大镍业公司获得政府机构为安大略省项目提供的5亿美元贷款利息
Price Action: At the time of writing, Sociedad Quimica y Minera stock is moving 10.4% higher at $38.53, Albemarle stock is moving 8.42% higher at $85.27 and Lithium Americas stock is trading 6.61% higher at $2.35 per data from Benzinga Pro.
价格走势：在撰写本文时，根据Benzinga Pro的数据，Sociedad Quimica y Minera股价上涨10.4％，至38.53美元；雅宝股价上涨8.42％，至85.27美元；美洲锂业股票上涨6.61％，至2.35美元。
Image: Photo via Shutterstock
图片：照片来自Shutterstock