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China approves reserve reports of two lithium producers
Yahoo Financeยท 2025-10-01 11:12
Group 1 - China has approved reserve reports from two lithium producers in Yichun, alleviating market concerns over potential output disruptions [1][2] - The approval moves the sites closer to securing mining permits and resuming operations, although certainty remains unclear [2][3] - The lithium hub has gained attention due to supply fears affecting price fluctuations, particularly after CATL announced a halt in operations at the Jianxiawo mine [3][4] Group 2 - CATL's Jianxiawo mine was suspended last month due to an expired mining permit, highlighting regulatory scrutiny in the sector [1][3] - Gotion High Tech has also received approval for mining design and ecological restoration plans at its Yichun site, indicating ongoing developments in the region [3][4] - China Mineral Resources Group has instructed domestic buyers to halt purchases of dollar-denominated seaborne cargoes from BHP, reflecting broader market dynamics [4][5]