Nov. 3 at 2:26 PM
$LITOF Lithium: Reuters has reported that China’s CATL has placed orders with external suppliers for lithium ore in November, as the battery giant seeks alternative feedstock while its flagship Jianxiawo mine remains closed. Mining at the site was suspended in early-August after its mining license expired; Chinese media reported in early-September that the mine was due to reopen soon, but CATL has not yet made any announcement on the mine’s status. Speculation on Chinese mine closures caused domestic prices to spike from a low of $ 8,300 USD/t in June to
$12,100 USD/t in mid-August, before easing back to around
$9,800 USD/t.as clarity emerged on permitting; prices have since crept up from mid-October to the low-80s RMB/t on reported market tightness.