The world’s 50 biggest miners gained a combined $42 billion during Q2, but the ranks of lithium stocks in the top tier have halved as valuations plummet.
Beijing announced regulations aimed at protecting supplies of the strategic minerals in the interest of national security, a move some in the market said could potentially tighten supply.
Commodity markets, already contending with high prices driven by structural supply constraints, also face uncertainties from increased geopolitical tensions.