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Supply Disruptions Recharge Interest for Lithium
Beaten down mostly by a supply gut and slow adoption for electric vehicles (EVs), supply disruptions globally have been re-charging interest in lithium again. Making recent news, battery maker Contemporary Amperex Technology (CATL) suspended operations in China (the Yichun project). According to a CNBC report, the mine’s permit expired. However, CATL is working to renew the permit, and will continue production once approval is received. This was a major mover for lithium prices, as 4% of the forecasted global production of lithium in 2025 will stem from that particular mining project, based on estimates from Morgan ... (full story)