CATL(SZ:300750) 鑫椤储能·2025-09-10 07:51Core Viewpoint - The Chinese lithium mine, which had halted production, is preparing to resume operations faster than expected, leading to a decline in the stock prices of major battery metal producers [1][2]. Group 1: Production Resumption - The Jianshawa lithium mine, a key project in Yichun, China, is set to resume production, which is seen as a market sentiment indicator [1]. - Despite the expiration of the mining license causing a previous halt, there are indications that production may restart sooner than anticipated [1]. Group 2: Market Impact - The announcement of the mine's planned resumption has resulted in significant stock price drops for major lithium producers, with SQM and Albemarle experiencing declines of 8.8% and 11% respectively [1]. - Analysts from Jefferies noted that the early resumption of the Jianshawa mine could disrupt the market rebalancing process in the short term [1]. Group 3: Regulatory Context - The halt in production was initially interpreted as part of a national policy to control overcapacity, reflecting a shift towards supply-side discipline [1]. - There is ongoing uncertainty regarding the issuance of a new mining license by local authorities, although the company anticipates an early recovery of production [1].