Australian lithium stocks slide as Citi cuts forecasts on weaker battery demand
Published . Updated .
Covered by 2 outlets: Yahoo Finance, Investing.com.
Who covered it: Center 2. How we rate outlets
Investing.com -- Australian lithium stocks fell on Monday, with smaller miners leading losses, as investors weighed a weaker outlook for battery demand and expectations of improving supply following a reduction in lithium price forecasts by Citigroup.
Directly affected
- C Citigroup-9.2% 30d
Named in this report.
Indirectly affected
- LIT Global X Lithium & Battery Tech ETF-1.2% 6d
Global X Lithium & Battery Tech ETF: it holds lithium and battery companies. Linked by “lithium” (lithium and batteries) in this story.
- PICK iShares MSCI Global Metals & Mining Producers ETF-7.0% 30d
iShares MSCI Global Metals & Mining Producers ETF: it holds metals and mining companies. Linked by “miners” (metals & mining) in this story.
- EWA iShares MSCI Australia ETF+2.2% 30d
iShares MSCI Australia ETF holds stocks listed in Australia, which this story is about (“australian”).
- ALB Albemarle-19.4% 30d
Albemarle (plastic materials, synth resins and nonvulcan elastomers): battery-metal producers move with EV and battery demand. Linked by “lithium” (lithium and batteries) in this story.
- LAC Lithium Americas-22.4% 30d
Lithium Americas (metal mining): battery-metal producers move with EV and battery demand. Linked by “lithium” (lithium and batteries) in this story.
- SQM Sociedad Química y Minera de Chile S.A
Sociedad Química y Minera de Chile S.A (mining and quarrying of nonmetallic minerals (no fuels)): battery-metal producers move with EV and battery demand. Linked by “lithium” (lithium and batteries) in this story.
- SLI Standard Lithium-16.1% 14d
Standard Lithium (chemicals and allied products): battery-metal producers move with EV and battery demand. Linked by “lithium” (lithium and batteries) in this story.
- BHP BHP Group-6.6% 30d
BHP Group (metal mining, with business in Australia): miners' profits move with metal prices. Linked by “miners” (metals & mining) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| C | -1.29% | +1.22% | base | +1.25% | after close | after close | after close |
| LIT | +2.70% | +5.14% | base | +2.66% | after close | after close | after close |
| PICKNo price data for this ticker | — | — | — | — | — | — | — |
| EWA | -1.22% | +0.03% | base | +0.02% | after close | after close | after close |
| ALB | +2.67% | +6.46% | base | +1.92% | after close | after close | after close |
| LAC | -0.74% | +7.14% | base | +0.99% | after close | after close | after close |
| SQM | +4.19% | +7.87% | base | +1.43% | after close | after close | after close |
| SLI | -3.15% | +5.24% | base | +2.45% | after close | after close | after close |
| BHPNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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Australian lithium stocks slide as Citi cuts forecasts on weaker battery demand Yahoo Finance
Source: Yahoo Finance
How far Global X Fds (LIT) has moved since 2 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Albemarle (ALB) | that day | +1.92% | still updating |
| Albemarle (ALB) | three days earlier | +6.46% | final price |
| Albemarle (ALB) | five days earlier | +2.67% | final price |
| C | that day | +1.25% | still updating |
| C | three days earlier | +1.22% | final price |
| C | five days earlier | -1.29% | final price |
| Ishares Inc Msci Australia Etf (EWA) | that day | +0.02% | still updating |
| Ishares Inc Msci Australia Etf (EWA) | three days earlier | +0.03% | final price |
| Ishares Inc Msci Australia Etf (EWA) | five days earlier | -1.22% | final price |
| Lithium Americas (LAC) | that day | +0.99% | still updating |
| Lithium Americas (LAC) | three days earlier | +7.14% | final price |
| Lithium Americas (LAC) | five days earlier | -0.74% | final price |
| Global X Fds (LIT) | that day | +2.66% | still updating |
| Global X Fds (LIT) | three days earlier | +5.14% | final price |
| Global X Fds (LIT) | five days earlier | +2.70% | final price |
| Standard Lithium (SLI) | that day | +2.45% | still updating |
| Standard Lithium (SLI) | three days earlier | +5.24% | final price |
| Standard Lithium (SLI) | five days earlier | -3.15% | final price |
| Chemical & Mining Co Of Chile (SQM) | that day | +1.43% | still updating |
| Chemical & Mining Co Of Chile (SQM) | three days earlier | +7.87% | final price |
| Chemical & Mining Co Of Chile (SQM) | five days earlier | +4.19% | final price |
Congressional trades in the stocks in this story
- Rep. Maria Elvira Salazar sold Citigroup (C), worth $1,001 - $15,000 on 24 Sep 2026. That is 39 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Citigroup (C) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 59 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Albemarle (ALB) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 38 days before publication. Filed 7 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Global X Fds (LIT)
Companies mentioned with this story
- LIT Global X Fds
In “Australian lithium stocks slide as Citi cuts forecasts on weaker battery demand,” Global X Fds (LIT) is linked, with no stored direction, medium confidence. Reason on file: Global X Lithium & Battery Tech ETF: it holds lithium and battery companies. Linked by “lithium” (lithium and batteries) in this story
- EWA Ishares Inc Msci Australia Etf
Ishares Inc Msci Australia Etf (EWA) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Australian lithium stocks slide as Citi cuts forecasts on weaker battery demand.” Reason on file: iShares MSCI Australia ETF holds stocks listed in Australia, which this story is about (“australian”)
- ALB Albemarle
For “Australian lithium stocks slide as Citi cuts forecasts on weaker battery demand,” Albemarle (ALB) is linked, with no stored direction, medium confidence. Reason on file: Albemarle (plastic materials, synth resins and nonvulcan elastomers): battery-metal producers move with EV and battery demand. Linked by “lithium” (lithium and batteries) in this story
- LAC Lithium Americas
Lithium Americas (LAC) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Australian lithium stocks slide as Citi cuts forecasts on weaker battery demand.” Reason on file: Lithium Americas (metal mining): battery-metal producers move with EV and battery demand. Linked by “lithium” (lithium and batteries) in this story
- SQM Chemical & Mining Co Of Chile
In “Australian lithium stocks slide as Citi cuts forecasts on weaker battery demand,” Chemical & Mining Co Of Chile (SQM) is linked, with no stored direction, medium confidence. Reason on file: Sociedad Química y Minera de Chile S.A (mining and quarrying of nonmetallic minerals (no fuels)): battery-metal producers move with EV and battery demand. Linked by “lithium” (lithium and batteries) in this story
- SLI Standard Lithium
Standard Lithium (SLI) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Australian lithium stocks slide as Citi cuts forecasts on weaker battery demand.” Reason on file: Standard Lithium (chemicals and allied products): battery-metal producers move with EV and battery demand. Linked by “lithium” (lithium and batteries) in this story
- BATT Amplify Etf Tr
In “Australian lithium stocks slide as Citi cuts forecasts on weaker battery demand,” Amplify Etf Tr (BATT) is linked, with no stored direction, medium confidence. Reason on file: Amplify Lithium & Battery Technology ETF is a lithium fund in the watchlist universe. Linked by “lithium” in this story
Global X Fds (LIT)
The 2 Nov 2026 story “Australian lithium stocks slide as Citi cuts forecasts on weaker battery demand” names Global X Fds (LIT) because of this story.
For Global X Fds (LIT), the reason on file says Global X Lithium & Battery Tech ETF: it holds lithium and battery companies. Linked by “lithium” (lithium and batteries) in this story
Ishares Inc Msci Australia Etf (EWA) is here too. Its reason reads: iShares MSCI Australia ETF holds stocks listed in Australia, which this story is about (“australian”)
Dates and price levels for Global X Fds (LIT)
ALB traded between 89.79 and 107.45 across 20 sessions. The latest close on file is 90.99. EWA traded between 27.76 and 29.31 across 20 sessions. The latest close on file is 29.12. LIT traded between 68.93 and 71.34 across 3 sessions. The latest close on file is 69.08.
What the saved facts support for Global X Fds (LIT)
54 out of 100Price not final
“Australian lithium stocks slide as Citi cuts forecasts on weaker battery demand” scores 54 out of 100. The score uses 2 sources, and 7 linked companies. The price is not final yet.