Lithium-Mining Stocks Fall On Chile's Plans for State Control of Industry
5.2%, Livent (LTHM) was down 4.9% and SQM (SQM) declined 2.6%. Chile plans to take a bigger role in the nation's vast lithium wealth, causing shares of Chile-exposed lithium miners to fall.
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SQM's stock, which owns and operates this mine in Chile fell on Friday. (Martin Bernetti/Agence France-Presse/Getty Images)
Chilean lithium mining shares fell after the Latin American nation said it planned to play a larger role in the country's lithium wealth.
Albemarle
(ALB)
Premarket trading fell by almost 4%. Albermarle mines this metal in Chile's Atacama desert, which is essential for the production of batteries for electric vehicles.
U.S. listed American depositary Receipts
Sociedad Quimica y Minera De Chile
(SQM)
The number of people who are unable to work has increased by over 6%.