The closure of the Jianxiawo mine by CATL, a major player in the battery industry, led to significant increases in lithium prices and share prices of companies in the industry. Shares in Tianqi Lithium and Ganfeng Lithium saw increases of up to 21%. The Jiangxi mine, responsible for 6% of global lithium production, has been hit by rumors of license non-renewal. Despite a global oversupply and falling demand for electric vehicles, experts expect near-term upside potential for lithium prices.
Sources
Cutremur pe piaţa litiului: Gigantul CATL închide una dintre cele mai mari mine din China, preţurile şi acţiunile explodează, iar industria globală tremură în faţa restricţiilor de la Beijing
CATL suspendă operațiunile la o importantă mină de litiu și solicită o nouă licență – creștere a prețurilor futures ale litiului și a acțiunilor companiilor miniere
Latest News
15:54
Kosovo's Foreign Minister, harsh reaction after the conviction of former UÇK leaders: “Terrible,” “unfair,” and “undeserved”
15:53
EU allocates 300 million euros for five major defense projects
15:51
Chancellor Friedrich Merz cancels his visit to the UN as pressure mounts on him after the CDU’s defeat by the AfD
15:50
JD Vance rejects global regulation of artificial intelligence and calls on companies to stop developing the “Frankenstein monster”
15:48
Ciprian Pamfile is under investigation following violence at the shepherds’ protest
See more news