Lithium market erupts as CATL shuts one of world's biggest mines
Tianqi Lithium jumped as much as 19% in Hong Kong, while Ganfeng Lithium Group surged 21%, and Australian miners rallied, after CATL confirmed it had shut the mine in Jiangxi province. Prices of the battery metal on the Guangzhou Futures Exchange surged by the daily limit.
The fate of the CATL mine — the biggest 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 some 6% of global output, according to Bank of America, while other mines in the region account for at least another 5%.
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Japan Times
an hour ago
- Japan Times
China and India discuss resuming border trade after five-year pause
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Japan Times
3 hours ago
- Japan Times
Trump's deal with Nvidia offers path forward in global trade war
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Japan Times
a day ago
- Japan Times
Japan starts anti-dumping probe into Chinese and South Korean steel goods
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