Gate News message, April 16 — Lithium stocks surged on Thursday, April 17, as geopolitical tensions in the Middle East pushed crude oil prices higher. Sigma Lithium (SGML.US) climbed over 9%, while Albemarle (ALB.US) rose nearly 7%, Lithium Americas (LAR.US) gained over 6%, and SQM (SQM.US) advanced over 4%.
Market participants attributed the rally to expectations of sustained global demand growth for battery energy storage systems (BESS), driven by rising oil prices and energy transition initiatives.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Gate Daily Report (April 27): Comments related to the Trump shooting incident boost the TRUMP coin; the U.S. Department of the Treasury will include Venmo in debt-inquiry donation payments
Bitcoin (BTC) sees a sharp short-term surge and rebound, temporarily trading at around $78,900 as of April 27. Trump’s provocative remarks about the shooting incident boosted the prices of meme coins such as TRUMP, MAGA, and DJT, because a carefully crafted narrative has once again come back into view. The U.S. Treasury has moved Venmo into the debt donation payment channel, after the previously strategic Bitcoin reserve bill stalled.
MarketWhisper15m ago
TSMC challenges 2330, leading Taiwan stocks to soar past 40,000 points, and the ETF fund effect is starting to take hold
Taiwan’s Weighted Index breaks through 40,000 points. The core driver is TSMC’s share price nearing NT$2,300 and setting a new high again, boosted by global AI chip demand. Also, with the “TSMC clause” taking effect, the single-stock holding limit for ETFs is loosened to 25%, with about NT$1.27 trillion in funds benefiting—driving passive buying and rising market-cap weighting, while ETF capital effects continue to lift the broader market.
ChainNewsAbmedia21m ago
TradFi Fall Alert: ZHIPU (ZhiPu 02513.HK) Falls Over 4%
Gate News: According to the latest Gate TradFi data, ZHIPU (ZhiPu 02513.HK) has dropped by 4% in a short period. Current volatility is significantly higher than recent averages, indicating increased market
GateNews24m ago
Iran Proposes Priority Agreement on Strait of Hormuz, Delays Nuclear Talks with U.S.
Gate News message, April 27 — Iran has proposed a new initiative to the United States prioritizing an agreement on reopening the Strait of Hormuz and lifting maritime blockades, while postponing nuclear negotiations to a later stage, according to AXIOS citing a U.S. official and two informed sources
GateNews3h ago
DOJ Drops Probe into Powell, Clearing Path for Crypto-Friendly Kevin Warsh to Lead Fed
Gate News message, April 26 — The U.S. Department of Justice has dropped its criminal investigation into Federal Reserve Chair Jerome Powell, clearing the way for the Senate to confirm Kevin Warsh as the next Fed chair. U.S. Attorney for the District of Columbia Jeanine Pirro announced the
GateNews3h ago
JPMorgan: Tokenization Will Transform Funds Industry, But 'Good Use Cases' Still Years Away
Gate News message, April 26 — JPMorgan's global head of ETF product, Ciarán Fitzpatrick, said on Friday that tokenization will drive change across the entire funds industry, not just ETFs. "We believe tokenization will certainly drive how the market changes, not just for ETFs but across the funds in
GateNews3h ago
