Lithium prices surged after one of the world's largest mines closed in China

Lithium prices are surging from multi-year lows, sparked by the shutdown of one of the world's largest mines. So, what could this mean for the cost of batteries, particularly electric vehicles and consumer electronics. China's CL, the world's largest EV battery maker, has suspended operations at a major lithium mine in Yuchun, Djang Xi.The mine is no small player. It supplies around 3 to 5% of the main kind of lithium used in EV batteries. A prolonged closure could tighten global supply and erode an industr ...