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0.00217989164926754 0.00578545083286585 0.0126838421280158 0.0172827696581158 0.0172827696581158 0.0651116159711556 0.0641918304651356 0.0191223406701558
Stock impact report

Why Sigma Lithium Stock Ran Higher Today [Yahoo! Finance]

Sigma Lithium Corporation (SGML) 
Company Research Source: Yahoo! Finance
10 stocks we like better than Sigma Lithium › Shares of Sigma Lithium (NASDAQ: SGML) , the Brazilian hard-rock lithium miner , jumped 10.6% through 10:25 a.m. ET this morning -- and China is the reason. The Bureau of Natural Resources in Yichun, Jiangxi Province, plans to cancel 27 mining permits in January. Lithium prices in China reacted sharply to the news, rising 7.6%, and the price bump is having knock-on effects among lithium stocks worldwide. Mining.com explains that "all of the licences had already expired, some more than a decade ago, and most were registered for ceramic clay or limestone mining." As such, you might not expect the licenses' cancellation to have much effect on lithium production rates or lithium supply . This seems more a matter of cleaning up old paperwork than a move with real economic impact. Indeed, one analyst is quoted as confirming that "the licence cancellations would have little impact on supply, as none of the revoked permits covered operati Show less Read more
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