** Shares of lithium producers and miners fall as prices of lithium carbonate drop in China
** The most-traded November lithium carbonate futures on the Guangzhou Futures Exchange hit their lowest since it was launched last July, which analysts attributed to worsened macro-sentiment
** Additionally, Chinese state-backed research house Antaike forecast a 200,000 tons of lithium resources supply surplus globally this year
** Albemarle ALB.N falls 4.7%, Lithium America LAC.N falls 2.5%
** Global X Lithium & Battery Tech ETF LIT.P down 1.4%
** Piedmont Lithium PLL.O drops 8.6% after brokerage BMO cuts PT to $15 from $8.5 after co said on Thurs it would be pulling DOE loan application for Carolina mine project, which the brokerage removes from its model
** Arcadium Lithium ALTM.N down 6.5%; in the previous session it announced it was transitioning its Mount Cattlin lithium concentrate operation in Australia from production to care and maintenance by mid-2025 due to low lithium prices
** Morningstar analysts said they were expecting the move as ALTM had flagged it as an option in Q2 earnings call; expects company to remain profitable even at current prices due to low-coast production at Argentina
(Reporting by Seher Dareen in Bengaluru)