CATL’s Yichun lithium mine expected to resume production soon
CATL headquarters (Image from CATL)
Chinese battery giant Contemporary Amperex Technology (CATL) is expected to soon resume production at a lithium mine in Yichun in southern China’s Jiangxi province, state media Securities Times reported on Tuesday.
CATL suspended operations at the Jianxiawo lithium mine after a licence expired on August 9, sparking a surge in lithium futures prices and the share prices of lithium miners.
Prices, however, retreated as supply concerns eased after a miner owned by Yongxing Special Materials secured a licence in the lithium hub of Yichun.
CATL did not immediately respond to Reuters request for comment.
(Reporting by Beijing Newsroom; Editing by Kirsten Donovan)
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