Lithium Market Soars as CATL Shuts One of World’s Top Mines

WATCH: CATL halted operations at a major mine in China, spurring speculation that Beijing might move to suspend other projects as it tackles overcapacity across the economy. Danny Lee reports.Source: Bloomberg

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By Martin Ritchie, Annie Lee, and Alfred Cang

August 11, 2025 at 12:23 AM UTC

Updated on

August 11, 2025 at 1:42 PM UTC

Lithium prices and stocks spiked on Monday after battery giant Contemporary Amperex Technology Co. Ltd. halted operations at a major mine in China, spurring speculation that Beijing might move to suspend other projects as it tackles overcapacity across the economy.

Tianqi Lithium Corp. jumped as much as 19% in Hong Kong, while Ganfeng Lithium Group Co. surged 21% after CATL confirmed it had shut the mine in Jiangxi province. Australian and American miners also rallied. Prices of the battery metal on the Guangzhou Futures Exchange hit the daily limit and held firm throughout the day.