Global lithium prices rose significantly after China’s Contemporary Amperex Technology Co. Limited (CATL), the world’s largest electric vehicle (EV) battery manufacturer, halted its mine operations in Yichun, Jiangxi province.
On Monday, CATL announced that it has temporarily shut down its Jianxiawo lithium mines in Yichun, known widely as “Asia’s lithium capital.” The suspension could last for at least three months, but may extend longer depending on the outcome of regulatory review processes.
The announcement followed the company’s failure to renew an expired mining permit on August 9. CATL said it is addressing compliance requirements with government agencies.
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