Unexpected shutdown of major mine disrupts global lithium market
A single move in the Chinese mining industry has caused a stir in international markets, as the temporary suspension of a strategic lithium mine has led to a price spike and highlighted the world’s reliance on this resource. The Jianxiawo mine in Jiangxi province, which represents a significant percentage of global supply, has been temporarily halted by CATL, the leading electric vehicle battery manufacturer. The decision, attributed to administrative procedures and market conditions, has had immediate effects on lithium prices and industry players worldwide.
