China Lithium Stocks Soar on Reopening Bets

(Bloomberg) — China’s lithium stocks are on a tear, buoyed by bets that a relaxation of virus curbs will ease supply chain disruptions and boost demand from electric-vehicle makers.

Shares of major producer Tianqi Lithium Corp. have rallied 66% after hitting a low in late April, outstripping a 6% advance by the benchmark CSI 300 Index during that period. Ganfeng Lithium Co. Ltd. and Chengxin Lithium Group Co. Ltd. surged about 30% and 40%, respectively, in onshore trading.