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Why Standard Lithium Stock Powered Up Today

TheMotleyFool

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Why Standard Lithium Stock Powered Up Today: https://g.foolcdn.com/editorial/images/842914/rows-of-silvery-batteries-labeled-solid-state-battery.jpg

Standard Lithium (NYSEMKT: SLI) stock, a lithium mining start-up with zero profit, and zero revenue, exploded 13.5% higher this morning on some positive news for the lithium industry out of China.

As Reuters reports today, Ganfeng Lithium Group chairman Li Liangbin is forecasting 30% to 40% growth in global Lithium demand in 2026.

Image source: Getty Images.

Source Fool.com