- The S&P/ASX 200 Materials Index (ASX:XMJ) was 1.514% lower at 16942.300 points at 1:50 PM AEST today.
- In the last year, the share prices of major Lithium stocks Sayona Mining, Core Lithium Ltd, and Pilbara Minerals Limited haves gained 816.67%, 456.52%, and 149.10%, respectively.
- Australia, Chile, China and Argentina are the world's leading lithium producing countries.
After three consecutive days of positive performance, today, the Australian equity market opened the trade on a negative note. The benchmark index ASX200 was down 1.498% at 7075.100 at 1:46 PM AEST. Except for the health care sector, all other sectors were trading in the red today. Meanwhile, when it comes to mining, Australian mining companies, including Lithium producers, had a tough day today as the S&P/ASX 200 Materials Index (ASX:XMJ) was 1.514% lower at 16942.300 points at 1:50 PM AEST.
In this article, we will talk about three ASX-listed mining stocks, including Sayona Mining (ASX:SYA), Core Lithium Ltd (ASX:CXO), and Pilbara Minerals Limited (ASX:PLS). It is worth mentioning that Lithium prices are up over 400% in the last one year (as of 18 May). Lithium is a key element used in electric vehicle battery manufacturing and it is believed that the value of global lithium sales will increase up to 20 times between 2020 and 2030.