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Lithium Stocks on Monday increased reports that battery manufacturer contemporary Empex technology, CATL, suspended production in a mine in China, which plays an important role in the supply of the global market.
US Minor shares AlbemarleCharlotte, located in Northern Carolina, jumped 11% and Spot lithium miners ETF Investors’ supply to investors increased by about 6% as expected to increase lithium prices.
CATL suspended production in the Yichun project after the mine permission ended on Saturday, the company told the CNBC. It is working to renew the permit and as soon as it receives approval, resuming the lithium production in the mine, the company said.
According to Morgan Stanley, the mine produces about 4% of the global lithium supply for 2025. According to the investment bank, in 2025, the supply and demand balance of lithium with a small surplus was already tightening.
Amy Gover, a commodity strategist from Morgan Stanley, said in Monday’s note, “Depending on the length of gianxiavo outage, and if there is any other disruption, the market is likely to get closer to balance in the remaining year, causing reverse risk in prices.” Jianxiawo is Specific cattle mine Within the large Yichun project in Jiangi province of China.
