China's Pursuit of US Tungsten Intensifies Critical Mineral Competition

The news headline emphasizes China's pursuit of tungsten from the US and the competition for critical minerals. Since lithium is also among critical minerals, this news could increase general interest in the sector. However, technical indicators give mixed signals: RSI is neutral at 46.8, MACD is below the signal line, and the price is below the 20-day moving average. Therefore, no clear direction is expected in the short term.

The news highlights escalating competition for critical minerals, which could increase geopolitical risks for lithium producers such as ALB. Technical indicators paint a weak picture: the price is trading below both the 20-day and 50-day moving averages, and the RSI at 37 is near the oversold territory. The MACD line is below the signal line and in negative territory, confirming short-term downward momentum. The 3.8% decline in the last 24 hours indicates sustained selling pressure. While the downtrend is likely to continue in the short term, the absence of oversold conditions leaves some risk of a corrective bounce.