Reported about 8 hours ago
Lithium prices and stocks experienced a significant increase on Monday after Contemporary Amperex Technology Co. Ltd. (CATL) ceased operations at a major mine in Jiangxi, China, sparking speculation about potential further suspensions of other projects due to overcapacity. This closure, which accounts for approximately 6% of global lithium output, has led to soaring prices on the Guangzhou Futures Exchange and a surge in shares of both Chinese and Australian lithium producers. Industry analysts believe this may indicate tighter conditions in the lithium supply chain, potentially impacting prices even further.
Source: YAHOO