China aims to install over 180 million kW of new energy storage capacity by 2027, driving about RMB 250 billion ($35 billion) in direct project investment. CATL shares in Hong Kong surged as much as 10 percent to HK$476.8, hitting a record high since its May 20 listing there. (Image credit: CnEVPost) CATL (HKG: 3750, SHE: 300750) surged on Monday …
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(Bloomberg) — Lithium prices and stocks spiked on Monday after battery giant Contemporary Amperex Technology Co. Ltd. halted operations at a major mine in China, spurring speculation that Beijing might move to suspend other projects as it tackles overcapacity across the economy. Most Read from Bloomberg Tianqi Lithium Corp. jumped as much as 19% in Hong Kong, while Ganfeng Lithium …
Read More »China’s CATL suspends operations at major lithium mine, seeks new license Reuters Investors Speculate China Is Reining in Oversupply of Lithium Bloomberg.com EV Battery Giant CATL Suspends Mining Project The Wall Street Journal CATL lithium mine halt signals Beijing’s EV battery overcapacity concerns South China Morning Post CATL Suspends Major Lithium Mine Operation Crude Oil Prices Today | OilPrice.com Source link
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CATL is still in talks with government agencies to renew the permit but is prepared to extend the suspension for several months, according to a Bloomberg report. Previous reports indicated that CATL’s cash production cost at the lithium mine was RMB 100,000 per ton, while the current price of battery-grade lithium carbonate has dropped to about RMB 70,000 per ton. …
Read More »Lithium Stocks Jump After CATL Suspends Operations at China Mine Bloomberg.com CATL suspends production at China lithium mine, Bloomberg News reports Reuters CATL says it has suspended mining operations at Yichun project MarketScreener Permit Issues in China’s Lithium Capital: 2025 Regulatory Crackdown Discovery Alert Secondary battery stocks rise as China restructures industry and halts production – CHOSUNBIZ Chosun Biz Source link
Read More »CATL Suspends Output at China Lithium Mine for Three Months Bloomberg.com CATL suspends production at China lithium mine, Bloomberg News reports Reuters China’s crackdown on lithium mining sparks new supply fears…and opportunities: Here’s why Proactive financial news CATL’s Production Halt: A Catalyst for Lithium Market Rebalancing AInvest Permit Issues in China’s Lithium Capital: 2025 Regulatory Crackdown Discovery Alert Source link
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