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Lithium miners drag globally on report of CATL restarting China mine
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Lithium miners drag globally on report of CATL restarting China mine
Sep 9, 2025 7:35 PM

Sept 10 (Reuters) - Shares of lithium miners around the

world slipped after a China state media report said Contemporary

Amperex Technology (CATL) is likely to soon resume

production at a lithium mine in Yichun, located in southern

China's Jiangxi province.

Prices of lithium carbonate futures in China fell more than

7% on Wednesday to more than one-month low. The potential

reopening of the massive mine adds a fresh blow for the sector,

which has been struggling with a glut following

weaker-than-anticipated growth in demand for electric vehicles.

Securities Times' report on the resumption of production at

CATL's lithium mine broke during premarket trading in the U.S.

on Tuesday and sent U.S.-listed shares of lithium miners lower

on easing supply concerns.

Shares of Albemarle Corp ( ALB ), the world's largest

producer of lithium for rechargeable batteries, and U.S.-listed

shares of Sigma Lithium Corp ( SGML ) ended 11.5% and 6.9% lower

on Tuesday.

In Sydney, Pilbara Minerals ( PILBF ) shed as much as 16.7%,

losing the most among Australia-listed lithium miners, while IGO

and Liontown Resources ( LINRF ) shed as much as 12.7%

and 15.8%, respectively.

The lithium miners were also among the top drags on the

S&P/ASX 200 benchmark index, which was largely flat, as

of 0126 GMT.

Meanwhile, China-listed shares Of Tianqi Lithium

and Ganfeng Lithium opened about 5% down.

CATL had suspended operations at the Jianxiawo lithium mine

following a licence expiry on August 9, which had led to a surge

in lithium futures prices and the share prices of lithium

miners.

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