Chinese battery manufacturer CATL (300750.SZ) announced on Wednesday that it intends to adjust its lithium carbonate production in Yichun in response to recent market conditions. This announcement follows an analyst report indicating that CATL had suspended operations at its substantial lepidolite mine, which has contributed to a rise in lithium futures prices and affected the shares of some global companies.
The adjustments aim to align production with current market demand and pricing dynamics, reflecting CATL’s strategic response to fluctuating lithium market conditions.
CATL Plans Adjustments to Lithium Production Amid Market Conditions