Lithium Americas Corp. shares rise 2.94% premarket after Chinese miner Zangge halts lithium production, boosting lithium prices.

Lithium Americas Corp. rose 2.94% in premarket trading. The increase in stock price can be attributed to the halt in lithium production by Chinese miner Zangge Mining, which sent lithium prices up more than 4% in afternoon trading. This production halt, ordered by local officials, has boosted sentiment for the electric vehicle battery material, driving up lithium futures to a nearly three-month high.