• 34ºc, Sunny

China Mining Resources responded to the sharp rise in lithium carbonate futures prices: Uncertain about the authenticity of the shutdown of the Yichun lithium mine in Ningde Times

On September 11, the main contract of lithium carbonate futures rose to 8%, the lithium mining sector rose sharply, and China Mining Resources rose by more than 7%. There is news that Ningde Times Yichun Jiawo Mine has stopped production. In this regard, the reporter contacted the investor relations department of China Mining Resources as an investor. Regarding the reason for the rebound in lithium carbonate futures, the relevant person said that there is news that Ningde (Yichun Lithium Mine) may stop production, but the person is not sure whether the news is true, and said that "they (Ningde) have not responded". If Ningde Times Yichun Lithium Mine really stops production, what will be the impact on lithium carbonate? The above-mentioned person said that now (the market) is oversupply. If the supply side can reduce production a little, it is slightly conducive to the rise in lithium prices. Regarding the current spot price of lithium carbonate, the above-mentioned person said that now we only see futures, and the spot (price) has not yet received the latest news.