Lithium producer shares rallied Monday after Chinese battery maker CATL halted output at a key mine, raising hopes the move could help ease oversupply in a market facing weak demand.
- Albemarle Corp (ALB) jumped 10.2%, Sociedad Quimica y Minera (SQM) rose 9.2%, and Lithium Americas (LAC) gained 2.4%.
- Smaller lithium companies Standard Lithium, Piedmont Lithium, and Sigma Lithium advanced between 6.2% and 19.6%.
- The most active lithium carbonate futures in Guangzhou hit the 8% daily limit after CATL said its Yichun project mining license expired Aug. 9; renewal is in progress.
- The mine’s capacity is over 46,000 metric tons annually, about 3% of 2025’s global supply forecast.
- Morgan Stanley said the outage could erase much of the projected 2025 surplus, adding upside risk to lithium prices.
Relevant Companies
- ALB – Major lithium producer benefiting from price and supply outlook shifts.
- SQM – Chilean lithium giant poised to gain from potential price stabilization.
- LAC – Lithium project developer with exposure to global supply-demand changes.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
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