Lithium miners up after China's CATL says will adjust production in Yichuan

Piedmont Lithium

11/09/2024 11:01

** Lithium miners' shares gain premarket
    ** CATL says it plans to make adjustments to lithium
carbonate production in Yichuan 
    ** A UBS report earlier says that Chinese EV battery maker
CATL  300750.SZ  has suspended two mines
    ** The report adds suspensions could cut ~8%, or around
5,000-6,000 metric tons, of China's monthly lithium carbonate
production    
    ** Shares of Albemarle  ALB.N , one of the largest lithium
miners in the world, up 8.2%
    ** Arcadium Lithium  ALTM.N  and Piedmont Lithium  PLL.O 
jump 10.2% and 6.6%, respectively
    ** U.S.-listed shares of Lithium Americas  LAC.N  and SQM
 SQM.N  climb 7.7% and 8.8%, respectively

 (Reporting by Sourasis Bose in Bengaluru)
 ((sourasis.bose@thomsonreuters.com))