Tianqi Lithium rose nearly 5%, as lithium price expectations are recovering, with some repricing long-term demand for lithium mines; however, Chery Automobile fell more than 5%, with BYD Electronic and JL Mag Rare-Earth also weakening.
Lithium is a core raw material for electric vehicles. Lithium mines rose, but the whole vehicle and downstream sectors fell instead. So recently, is the market pricing upstream raw materials separately, or is the competitive pressure on the vehicle end greater, overshadowing the logic of benefiting from raw materials?
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