Lithium Stocks Surge as Chinese Mine Closes After Permit Expires
CATL, the world's biggest battery producer, confirmed the closure of its Jianxiawo mine on Monday, saying it's seeking to renew its expired permit. The fate of the mine, the largest in China's lithium hub of Yichun, had been under close scrutiny for weeks amid speculation that authorities wouldn't extend its license. The mine accounts for about 6% of global output, according to Bank of America Corp.
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Axios
an hour ago
- Axios
The great "rebalancing" in EV lithium has begun
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