** U.S.-listed shares of lithium miners rise in premarket trading as China lithium futures hit five-month high on potential supply cuts of the key electric vehicle battery material
** Beijing has pledged a crackdown on cut-throat price competition, fuelling expectations of supply-side reforms in sectors plagued by overcapacity
** The most-active lithium carbonate futures on the Guangzhou Futures Exchange touched their highest since February 25 at 77,240 yuan ($10,800.98) a metric ton in afternoon trading
** Albemarle ALB.N shares rise 4.8%, Sociedad Quimica SQMA.SN, SQM.N up 4.7%
** Lithium Americas LAC.TO, LAC.N gains 4.9%, Sigma Lithium SGML.V, SGML.o rises 3.5%, and Piedmont Lithium PLL.O up marginally
($1 = 7.1512 Chinese yuan)
(Reporting by Pranav Mathur in Bengaluru)
((Pranav.Mathur@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.