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
11:30
South Korea records a historic high of 42.5°C in Yangsan, the highest temperature since 1904
11:11
The resources of the U.S. Navy are insufficient for the defense of Israel, warns the highest American military official in Europe.
10:49
Russia announces the destruction of 635 Ukrainian drones on the night from Saturday to Sunday
10:27
A strong fire broke out on Sunday morning in a parking lot in Oradea, destroying several cars.
10:09
"The Gardener" and the Sitting Woman: symbols of an advanced Neolithic civilization from Dobrogea
See more news
NEWS ON THE SAME TOPICS
.webp)
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
.webp)
