China lithium mining licence revocation drives price surge

Prices of lithium in China have surged after the announcement of the revocation plan for lithium mining licences by the natural resource authority in Yichun, Jiangxi province, the country’s main lithium-producing hub. The move has raised concerns among investors about the future supply of lithium, reported Reuters. On the Guangzhou Futures Exchange, the most active lithium carbonate contract climbed to 109,860 yuan ($15,595) per tonne (t), its highest level since June 2024. The contract closed up 7.61% ...