CATL Suspends Major Lithium Mine Operation

CATL, the world’s largest maker of lithium-ion batteries for electric cars, has suspended operations at one of the biggest lithium mines in the country, sparking a price jump for lithium and lithium miners’ stocks. The suspension, as reported by Bloomberg today, is part of the Chinese government’s efforts to solve a problem with overcapacity across industries that has pushed profits down and priced weaker players out of the market. The suspension of operations at the Jianxiawo mine in the Jiangxi province is set to last for at…

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