Australian lithium miners fall on report CATL restarts China refinery

IGO

11/02/2025 04:30

** Shares of Australian lithium miners tumble following a
report that Chinese electric vehicle maker CATL  300750.SZ  has
restarted production at a major lithium refinery in China
    ** Jiangsu Lopal Tech  603906.SS  and CATL are recommencing
production at a lithium refinery in China after around a
five-month pause, Bloomberg News reported
    ** Major Australian lithium miners fall, with Liontown
Resources  LTR.AX  down 7.6%, while IGO  IGO.AX  drops 4.1%
    ** Pilbara Minerals  PLS.AX  and Mineral Resources  MIN.AX 
drop 3.2% and 4.8%, respectively
    ** CATL restarting production at the Chinese operation is
set to further threaten any price recovery for the metal used to
make batteries for electric vehicles

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))