off-the-wire

CATL’s Yichun lithium mine expected to resume production soon, Securities Times reports

Kitco Media
By Reuters
Published:
Updated:
Reuters
CATL’s Yichun lithium mine expected to resume production soon, Securities Times reports teaser image

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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