Lithium Miner Sigma Lithium Rallies 55.1% Amid Bullish Predictions and Analyst Upgrades

Sigma Lithium shares rallied 55.1% this week, largely driven by positive demand predictions from China and comments from analysts. The company is highly leveraged to lithium prices, which have declined by 90% since early 2023 highs. Several industry participants and analysts predicted an additional rebound ahead, with Ganfeng Lithium Group chairman Li Liangbin forecasting a 30-40% demand rebound in 2026 and lithium prices reaching between 150,000 and 200,000 yuan per ton next year.