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Lithium Markets Surge After China Closes Major Mine
Posted
August 16, 2025
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August 16, 2025
11,927
396
9
3.40%
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1:29Now PlayingLithium prices and stocks spiked on Monday after battery giant Contemporary Amperex Technology Co. Ltd. halted operations at a major mine in China, spurring speculation that Beijing might move to suspend other projects as it tackles overcapacity across the economy.
Tianqi Lithium Corp. jumped as much as 19% in Hong Kong, while Ganfeng Lithium Group Co. surged 21% after CATL confirmed it had shut the mine in Jiangxi province. Australian and American miners also rallied. Prices of the battery metal on the Guangzhou Futures Exchange hit the daily limit and held firm throughout the day.
Shares of US producer Albemarle Corp. surged above 15% at 9:33 a.m. in New York, while Piedmont Lithium Inc. jumped by nearly 18%. Lithium Americas Corp. climbed as much as 13% while Chilean producer SQM rose as much as 12% in US trading.
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