Demand for lithium causes a new rally in stocks. Should You Buy Sigma Lithium (SMGL) Stock Here?
Sigma Lithium (SGML) shares closed 32% higher on Nov. 17 after Li Liangbin, president of Ganfeng Lithium Group, forecast a 30% to 40% increase in global lithium (LMZ25) demand by 2026. Liangbin’s projection suggests lithium carbonate prices could rise to as much as 200,000 yuan a ton next year, more than double its price at…