Jul 25, 2023 08:19 PM
BUSINESS
China Lithium Futures Bounce Back From Debut Bloodbath
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Lake Zabuye, located in Tibet, is one of the largest lithium salt lakes in the world. Photo: VCG
China’s lithium futures clawed back some lost ground Tuesday after two straight days of declines in a brutal debut for the contracts, with the most-traded contract holding above the key psychological threshold of 200,000 yuan per ton ($28,010).
The lithium carbonate contract for January delivery on the Guangzhou Futures Exchange rebounded 6.9% from Monday to close at 225,900 yuan per ton, data from the bourse showed. Futures for February to July delivery rose between 7.2% and 8.5% on Tuesday, closing between 191,350 yuan and 213,800 yuan per ton.
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