Shares of lithium-related companies are trading lower amid lithium carbonate price declines in China due to concerns about oversupply and a projected market surplus in 2027. Also, JP Morgan maintained its Neutral rating on Albemarle and lowered its price target from $160 to $140.

Elevra Lithium shares are trading higher after the company announced a binding Spodumene Concentrate Supply Agreement with Mangrove for the long-term supply of spodumene concentrate produced at North American Lithium in Québec.

Elevra Lithium Executes 7-Year Agreement With Mangrove Lithium For Supply Of Spodumene Concentrate Manufacture At North American Lithium in Quebec

North American lithium producer Elevra Lithium Limited ("Elevra") ((ASX:ELV, NASDAQ:ELVR) is pleased to announce that it has executed a binding Spodumene Concentrate Supply Agreement (the "Agreement")

Elevra Lithium Completes Sale of E45/2364 Pegmatite Rights

Elevra Lithium has completed the sale of its E45/2364 exploration rights in Western Australia to Wildcat Resources for A$16 million in total consideration, including A$5 million cash upfront, A$8 million in Wildcat shares, A$3 million deferred cash, and contingent royalty payments. The transaction allows Elevra to reallocate capital to its core North American lithium assets while maintaining upside exposure through royalty participation.

Secretary Brooke Rollins Posts On X "BIG DAY AHEAD FOR AMERICAN FERTILIZER. Headed to Louisiana, where we will break ground on two major projects bringing critical fertilizer production back to American soil. More American investment. More American production. Lower costs and stronger supply chains for American farmers. Stay tuned."

Scotiabank Maintains Sector Outperform on Sociedad Quimica Y Minera, Raises Price Target to $104

Sociedad Quimica y Minera shares are trading higher after the company reported better-than-expected Q2 financial results.