Gate News message, April 16 — Lithium stocks surged on Thursday, April 17, as geopolitical tensions in the Middle East pushed crude oil prices higher. Sigma Lithium (SGML.US) climbed over 9%, while Albemarle (ALB.US) rose nearly 7%, Lithium Americas (LAR.US) gained over 6%, and SQM (SQM.US) advanced over 4%.
Market participants attributed the rally to expectations of sustained global demand growth for battery energy storage systems (BESS), driven by rising oil prices and energy transition initiatives.
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