US Stock Market Move | Most concept stocks of lithium mines have risen, Sigma Lithium (SGML.US) up more than 15%.

On Friday, most of the US lithium mining concept stocks rose. As of the time of writing, Sigma Lithium (SGML.US) rose by over 15%, Sociedad Quimica y Minera de Chile S.A. Sponsored ADR Pfd Series B (SQM.US) rose by over 1%, and Lithium Americas (LAC.US) saw a slight increase. In terms of news, Sigma Lithium stated that the company has sold an additional 100,000 tons of high-purity lithium powder, while the resumption of work at the mine is progressing as planned, with completion expected this month. The company noted that the lithium powder sold this time comes from its inventory at the Port of Vitria in Brazil, and the transaction price is determined by the market-based pricing mechanism with the Shanghai Metals Market (SMM) index as the benchmark. Calculated on a converted basis, the selling price is equivalent to a final net price of $140 per ton of lithium oxide with 1% content. On the operational front, Sigma Lithium strongly denied recent reports in some media outlets about it facing an "operating ban." Earlier news claimed that the company had been "ordered to cease operations" by the Brazilian Ministry of Labor and Employment. Sigma Lithium clarified that the reports distorted the nature of a routine administrative procedure by the Brazilian Ministry of Labor and Employment, and the company has not been shut down, the claims are not consistent with the facts. The company emphasized that the progress of the mine resumption is in line with the established plan, and sales and operational activities continue normally.