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Why this ASX 200 share is soaring in Monday's sinking market

The article from MSN discusses the surprising performance of an ASX 200 share, specifically Pilbara Minerals, which saw its stock price surge by 12.5% on a day when the broader market was experiencing declines. This unexpected rise was attributed to a significant increase in lithium prices, with lithium carbonate prices in China jumping by 10.6% to 112,500 yuan per tonne. This price surge was influenced by a combination of factors including a rebound in demand from the electric vehicle sector and supply constraints. Despite the general market downturn, Pilbara Minerals benefited from these positive developments in the lithium market, highlighting the volatile nature of commodity stocks and their potential for rapid gains amidst sector-specific news.

Read the Full MSN Article at:
[ https://www.msn.com/en-au/money/top-stocks/why-this-asx-200-share-is-soaring-in-monday-s-sinking-market/ar-AA1yIkyu ]