CATL(SZ:300750) Mei Ri Jing Ji Xin Wen·2025-08-11 02:18Core Viewpoint - The suspension of mining operations at the Jiangxi Yichun lithium mines, particularly affecting Ningde Times' operations, has led to a significant increase in lithium carbonate prices and related stock prices in both Australia and Hong Kong [1][3][7]. Group 1: Company Impact - Ningde Times' subsidiary, Yichun Times New Energy Mining Co., has halted operations at the Zhanxiawo mining area due to the expiration of its mining license on August 9, 2023, with no immediate plans for resumption [1][2]. - The company is currently working on renewing its mining license and expects to resume production once the renewal is approved, stating that the suspension will not significantly impact overall operations [2][5]. - The mining area has a substantial capacity, with an estimated lithium resource of 2.6568 million tons, equivalent to approximately 6.57 million tons of lithium carbonate [6]. Group 2: Market Reaction - Following the news of the mining suspension, lithium carbonate futures surged, with the main contract rising by 8% to 81,000 CNY per ton [3][4]. - Australian lithium stocks experienced significant gains, with Liontown Resources up over 22% and Pilbara Minerals up over 17% [4][5]. - In Hong Kong, lithium mining stocks also rose, with Tianqi Lithium up 15% and Ganfeng Lithium up over 12% [5]. Group 3: Industry Context - The new Mineral Resources Law, effective July 1, 2025, classifies lithium as an independent mineral and raises the standards for associated mineral recognition, which may impact resource tax calculations and mining economics [5][7]. - Analysts suggest that the suspension of mining operations could lead to a reduction in lithium carbonate supply by 7,000 to 8,000 tons per month, further tightening the market during the traditional peak season from September to November [7]. - As of August 8, the average market price for battery-grade lithium carbonate was 72,000 CNY per ton, reflecting a 0.91% increase since August 1 [8].