Domestic lithium shares rallied sharply after battery metals explorer Liontown Resources LTR.AXrejected a A$5.50 billion ($3.68 billion) buyout bid from top lithium producer Albemarle Corp ALB.N. Liontown soared 67.9% to a record high, while other lithium players like Pilbara Minerals PLS.AX, Allkem AKE.AX, and IGO Ltd IGO.AX gained between 6.8% and 13.7%. Investors' focus would now be on the monthly inflation report on Wednesday, which is likely to help shape expectations for the Reserve Bank of Australia's (RBA) policy meeting on April 4.