Why Sigma Lithium Rallied This Week
Shares of Sigma Lithium (NASDAQ: SGML) rallied 55.1% this week through Thursday trading, according to data from S&P Global Market Intelligence.
Sigma Lithium is a Lithium miner with ownership of several mines in Brazil. As such, it's highly levered to Lithium prices. Lithium prices are currently in a bear market, with the price per kilogram of lithium carbonate having declined by approximately 90% since the metal's early 2023 highs, before this month's partial recovery.
This week, several industry participants and analysts predicted an additional rebound ahead.
Source Fool.com
