Australian lithium stocks drop as report fuels fears of rise in China supply

Mineral Resources

01/10/2025 06:44

** Shares of Australian lithium miners decline to be among the bottom movers of the mining sub-index .AXMM, which is down nearly 1%

** China has approved reserve reports for two mines in the Yichun province, including Chinese battery giant CATL's 300750.SZ Jianxiawo mine, Bloomberg News reported on Tuesday

** Reserve report is a regulatory filing ahead of a mining permit and production restart

** Shares of Liontown Resources LTR.AX fall 10.2% to A$0.885, on track for their weakest session since September 11

** Peers Pilbara Minerals PLS.AX, IGO IGO.AX and Mineral Resources MIN.AX decline 7.3%, 3.7% and 4.1%, respectively

** Supply expectations have remained buoyant after reports of Jianxiawo lithium mine expected to resume production last month

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))