CATL Mine Shutdown in China Sparks Global Lithium Rally
3 Articles
3 Articles
CATL mine closure triggers lithium market rally
LITHIUM markets surged on Monday following Contemporary Amperex Technology’s decision to suspend operations at its major Chinese mine, raising concerns about potential government intervention in the oversupplied sector, said Bloomberg News. Battery maker CATL confirmed it closed its Jianxiawo facility in Jiangxi province after mining permits expired August 9. The shutdown will last at least three months as the company seeks license renewal. Stoc…
Lithium market explodes as giant CATL mine in China shuts down, sending prices soaringLithium prices and battery maker stocks surged after a key CATL mine in Jiangxi province was shut down. The shutdown, which will last at least three months, covers up to 6% of global lithium production.
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