LITLI prices and miners who texted a strong residons, after technology CATMPORTY CO, the Chinese Battery Industry, has announced the suspension of its operations in a mine of Lesium.
This step has shrouded speculation that the Beijing can move to stop other projects as part of his campaign extended to fight their production for economy.
Stop sudden in my yichun mine
Catl said in an official warning the far I had stood at the icon city in Jianangi, to the licking, it so the licitua “
This closure represents the first public statement of their type in YICHON, which is a major center for the mine of lithium in China. The productive ability of the mining – one of the first prior points of “Catl” – it is a little more than 4600 Evening Global Product for 2025, according to Alertsian government data.
Reaction of the market
This news caused a wave of febrile activity in global markets:
Futures: Lithium contracts: most commercial coal contracts in the stock of Guangzhou stock of Gangzhou increased by 8 percent to reach the maximum price allowed to day.
Chinese mining actions: the actions of the large companies of litia jumped; Actions “ganfeng lithium” of 4 per cent in the local market and 10 per cent in hong kong, while “tianqi lithium” 11 percent shares.
Austarian Abroads: For the Cention Centers of Ausaliciani have seen granitate; Therefore “Collections of the” Collecties the gain of about 25 for “mineral lithium” corecar “and” safely literium
The background of the crisis
This strong investors interaction is due to the increase in the hopes that the intervention of the government’s excess marketing pressure.
The lithium pricing of severe guns by July, when the china crashed his approach against the production of this mineral, in addition to other goods and steel.
The Sector of Lithuan wore an elective splendance in the essential exposure, which is an essential component, for approximately 90 percent, for a 90 percent in 2022.
This step comes in after local authority of the Chinese Company «Zangge Mining» to stop the production in a mine in a province of Qinghai.
“Bases, this news reduces some excpositous excessive that were an obstacle to the basic lithium prices.
