Here's How China Sent Shares of Standard Lithium Surging Today
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Share in Standard Lithium (NYSEMKT: SLI) rose by a whopping 15.3% before 1 p.m. ET today. The move comes as the market digests China's latest move in the trade conflict and the favorable consequences of it for Standard Lithium.China's Ministry of Commerce and the General Administration of Customs announced export controls on lithium batteries and other critical materials in the lithium-ion supply chain. As of Nov. 8, any Chinese company looking to export certain lithium battery materials needs to apply for a license from the State Council's commerce department.The controls give China, a country that dominates the lithium battery production market, significant leverage in its trade negotiations with the U.S. The announcement also highlights the importance of the U.S. securing its own supply chain of materials critical to battery production and the EV supply chain in general.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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