Why Piedmont Lithium and CBAK Energy Technology Stocks Just Popped -- But Lithium Americas Dropped
It's looking like Tuesday's stock market will be a confusing one for lithium battery investors, as stocks of all stripes move in differing directions despite little "new" news. In 12:10 p.m. EDT trading, for instance, we see shares of Chinese lithium battery manufacturer CBAK Energy Technology (NASDAQ: CBAT) giving up an early 20% gain to settle down up just 2.1%. Things don't get much clearer further up the supply chain, where Piedmont Lithium (NASDAQ: PLL) is up 22% and holding onto its gains, but Lithium Americas (NYSE: LAC) is losing 11.7%.
