Weak electric vehicle sales and tense Middle East situation, lithium miner stock prices decline

2026-03-03 16:23:56

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Investing.com – On Tuesday, lithium mining company stocks declined as weak sales of major electric vehicle manufacturers and escalating Middle East tensions dampened demand prospects.

The most active lithium carbonate futures contract on the Guangzhou Futures Exchange fell 12.99%, closing at 150,860 RMB per ton, near the daily limit of 13% price fluctuation.

American Battery Technology Company (NYSE:ALB), listed on the New York Stock Exchange, dropped 10.3%, while Chilean mining company SQM (NYSE:SQM) fell 12%.

Canadian mining companies also saw declines, with Sigma Lithium (TSX:SGML) down 14.4%, Lithium Americas (TSX:LAC) down 8.2%, and Standard Lithium (TSX:SLI) down 7.5%.

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