With the latest economic data from China falling short of estimates, shares of metals and mining companies , including lithium stocks, were getting hit hard on Monday. Here's how some of the stocks fared today:
Data from the National Bureau of Statistics of China on Monday showed that the country's output in July grew 6.4% year over year, versus 8.3% in June. Industry experts had projected much higher growth in anticipation of demand and manufacturing in China's economy returning to pre-pandemic levels. While a rise in COVID-19 cases and extreme summer temperatures hit industrial activity, investors are worried about decelerating growth in China.
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Why Shares of Romeo Power, Standard Lithium, and Microvast Holdings Plunged Today