BEIJING (Reuters) -Prices of lithium futures in China rallied to hit the upper price limit on Monday after news over the weekend that CATL halted production at a Chinese lithium mine in southern Jiangxi province.
Chinese electric vehicle battery manufacturing company Contemporary Amperex Technology (CATL) suspended production at its lithium mine in Jianxiawo, in China’s Jiangxi province, for at least three months, Bloomberg News reported on Sunday, citing people familiar with the matter.
The most active lithium carbonate futures on the Guangzhou Futures Exchange surged by 8% to hit the price limit up.
(Reporting by Amy Lv and Lewis Jackson; Editing by Christian Schmollinger)
