Lithium prices soared after CATL shut down a major mine in China, fueling speculation of further restrictions.
Călin Nicolescu
Economy
Foto Pixabay
Always see our news on Google
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
12:08
A plane being transported to Voluntari became stuck under a railway bridge on DN1
11:54
AUR reportedly offered Paul Stănescu a position in the party’s leadership, according to political sources
11:48
The EU risks a difficult winter/ Gas reserves could be insufficient, and prices could rise
11:29
Romania sent Brussels “confidential data” regarding the cancellation of the 2024 presidential elections / The European Commission will finalize the investigation at the end of 2026
11:27
CNAIR: Temporary technical incident in the TollRo platform / Drivers will not be penalized if they cannot pay TollRo during the disruptions
See more news
NEWS ON THE SAME TOPICS
Current Affairs
Romania reopens the way for the exploitation of graphite from Baia de Fier. The project could generate revenues of 300 million dollars annually.
International
Norway is preparing to exploit Europe’s largest rare earth deposit. The project aims to reduce dependence on China
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
.webp)
