Hedge Funds

Lithium price rally forces hedge funds to cover shorts amid battery storage boom


The explosive rally in lithium markets has extended into 2026, sending mining stocks on the ASX soaring as hedge funds scramble to cover their bets against the producers of the key battery metal.

That’s after a perfect storm of tightening inventories in China and a boom in battery storage sent metal prices soaring to the highest in more than two years.

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