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16.08.2021 22:28:06

Why Shares of Romeo Power, Standard Lithium, and Microvast Holdings Plunged Today

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.Image source: Getty Images.Continue reading
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Microvast Holdings Inc Registered Shs 6,68 0,45% Microvast Holdings Inc Registered Shs
Standard Lithium 9,34 -0,32% Standard Lithium