Shares of Sigma Lithium (NASDAQ: SGML) surged 10.6% due to China-related news. The Bureau of Natural Resources in Yichun, Jiangxi Province plans to cancel 27 mining permits in January. Lithium prices in China rose 7.6% with global effects on lithium stocks. The licenses were expired, but their cancellation could impact future supply. Sigma Lithium faces financial challenges, making it a risky investment. The Motley Fool Stock Advisor team did not recommend Sigma Lithium in their list of 10 best stocks.

Read more at Yahoo Finance: Why Sigma Lithium Stock Ran Higher Today