China's crackdown on lithium mining sparks new supply fears

For much of the past year, lithium, a metal at the heart of the electric vehicle revolution, has been a story of too much, not too little. Prices tumbled more than 80% from their peak as a wave of new supply swamped the market, feeding a chorus of bears. But in recent weeks, a new narrative has begun to take shape, and it is coming from China. Last month, authorities in China ordered Zangge Mining's wholly owned subsidiary, Golmud Zangge Lithium, to halt production at its operations in Qinghai province. The ...