Lithium Prices Tumble As Traders Brace For CATL Supply Surge

Lithium carbonate futures in China fell ~10% over two trading sessions, dropping to a 10-week low of approximately 157,000 yuan ($23,175) per tonne on Tuesday following market speculation that China's EV battery giant, Contemporary Amperex Technology Co. (CATL), may soon restart its massive Jianxiawo mine.

What regulatory hurdles does the mine restart face?

What makes CATL's Jianxiawo mine so significant?

How might battery energy storage affect lithium demand?

Why did lithium carbonate futures drop 10%?

Reports from authorities in Jiangxi Province show that CATL's Jianxiawo lithium mine in Yichun passed a preliminary land pre-review and site selection, with the Jiangxi Provincial Department of Natural Resources issuing a "Project Land Use Pre-Approval and Site Selection Opinion", valid from June 17, 2026, through June 17, 2029.

The approval report has also extended losses for lithium miners, with Lithium Americas (NYSE:LAC) cratering 15.2% over the past 30 days; Sigma Lithium Corp. (NASDAQ:SGML) has lost 14.8%, Atlas Lithium Corp. (NASDAQ:ATLX) has declined 10.2%, Albemarle Corp. (NYSE:ALB) is down 14.8% while Sociedad Química y Minera de Chile S.A. (NYSE:SQM) has shed 5.6% o

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/commodities/articles/lithium-prices-tumble-traders-brace-190000041.html)