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BUZZ-Lithium miners fall after Trump wins US presidency

Reuters·11/06/2024 15:30:30
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BUZZ-Lithium miners fall after Trump wins US presidency

** Shares of lithium miners fall after Donald Trump's reelection as the U.S. president

** "The EV market and the renewables sector could be one of the main losers of a new Trump presidency, as he has pledged to dismantle the green energy policies enacted by the current administration," says Nikos Tzabouras, Senior Market Specialist at Tradu

** Lithium is used in electric vehicle batteries

** Top lithium miner Albemarle ALB.N down 4.8%

** U.S.-listed shares of Lithium Americas LAC.N and Sigma Lithium SGML.O down 1.5% and 3%, respectively

** Chilean miner SQM's SQM.N U.S-listed shares fall 6.3%


(Reporting by Sourasis Bose in Bengaluru)

((Sourasis.bose@thomsonreuters.com))