Lithium Prices and Shares Rise as China Halt Eases Glut Worries

Lithium prices and company shares surged after a Chinese producer said it was ordered by local authorities to halt mining of the battery material, easing concerns of a lingering global glut of the the battery metal.

Zangge Mining Co. said a fully owned unit received a notice on Wednesday from the government in Haixi in the western province of Qinghai to immediately stop illegal mining activities, and to adhere to the rules that govern lithium resources.