Caixin
Jun 07, 2022 07:39 PM
BUSINESS

Another Promising Sign for Lithium: Rising Leveraged Bets on Miners

Lithium stocks went on a tear in May, bolstered by expectations that a relaxation of Covid-19 curbs will ease supply chain disruptions and boost demand from EV-makers. Photo: VCG
Lithium stocks went on a tear in May, bolstered by expectations that a relaxation of Covid-19 curbs will ease supply chain disruptions and boost demand from EV-makers. Photo: VCG

Investors have been buying up shares of Chinese mainland-listed lithium miners with borrowed money over the past two weeks, with Tianqi Lithium Corp. (002466.SZ) topping a recent list of domestic stocks that have received the highest amount of leveraged bets.

Margin traders’ growing interest in mainland-listed lithium miners reflects expectations for strong demand for the raw material for electric-vehicle (EV) batteries, just as some local Chinese governments get back to offering subsidies for EVs.

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