US Stock Market Move | Lithium mining stocks rose broadly, with Lithium Argentina (LAR.US) surging over 11%.
On Friday, lithium stock prices rose broadly, with Lithium Argentina (LAR.US) surging over 11%.
On Friday, lithium stocks surged, with Lithium Argentina (LAR.US) jumping over 11%, Sigma Lithium (SGML.US) rising nearly 9%, Albemarle (ALB.US) increasing by 6%, and Lithium Americas (LAC.US) gaining over 5%. Standard Lithium (SLI.US) and Sociedad Quimica y Minera de Chile S.A. Sponsored ADR Pfd Series B (SQM.US) both rose by over 4%. In terms of news, on August 20 local time, the U.S. Department of Energy (DOE) announced a total of $500 million in grants to seven domestic critical mineral and battery supply chain projects, covering lithium extraction, cobalt refining, battery recycling, and advanced battery materials. The aim is to establish a domestic battery supply chain and reduce dependence on foreign minerals.
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