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China’s Lithium Hub Cuts Back Production After Price Collapse
- Production from Yichun accounts for 11% of China’s total: BNEF
- China lithium carbonate prices snapped a 16-day losing streak
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Collapsing prices of lithium have prompted Chinese companies to rein in output of the key battery material at a top production hub.
Some lithium producers in Yichun in Jiangxi province, including two major ones, have reduced processing rates to stem losses, Chinese publication The Paper reported, citing an unidentified person, and without identifying specific companies. The city in eastern China accounted for about 11% of the country’s total lithium carbonate production in 2022, according to BloombergNEF.