On the morning of the 25th, lithium-themed stocks were swinging for a second straight day. It is seen as being influenced by the overnight surge in Lithium Americas (LAC) on the U.S. New York stock market.
At 9:58 a.m. that day, Hydro Lithium was trading at 2,625 won, up 265 won (11.23%) from the previous session.
Lithium-related stocks grouped together, including Lithium For Earth (5.8%), POSCO M-Tech (4.53%), and Kangwon Energy (2.15%), were also all on the rise.
It is seen as being influenced by the overnight surge of more than 95% in Lithium Americas on the U.S. New York stock market. Lithium Americas' share price skyrocketed after reports that, during renegotiations of conditions for an Energy Department loan of about $2.2 billion for mine development, the Trump administration proposed investing up to a 10% equity stake.
Lithium Americas is the operator of Thacker Pass, the largest lithium mine development project in the United States. The United States is now working to build a domestic lithium supply chain and reduce its dependence on China.