‘Massive’: Short sellers feast on lithium market rout

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Battery grade lithium carbonate futures contracts for cash settlement traded on the Guangzhou futures exchange in China slumped 5 per cent on Tuesday, extending losses to more than 50 per cent since July, according to data provider Yuan Talks. ‘Massive’ short bets The price rout has encouraged short sellers to dramatically lift their bets against lithium darling Pilbara Minerals over the second half of 2023, with the percentage of its outstanding stock shorted jumping to 20.4 per cent in November from 7.1 per cent in June, data from markets regulator ASIC shows. Other big short bets exist against Core Lithium,...