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Contemporary Amperex Technology Co., Limited (CATL) Jiānxiàwō Lithium Mine Re-approval Project Land Use Opinion Letter

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June 18, the last working day before the Dragon Boat Festival, saw a sharp drop in lithium carbonate prices. As of the close of trading that day, the main futures contract for lithium carbonate, 2609, plunged by more than 6%, falling to around 160,000 yuan, down more than 20% from the earlier peak. In the spot market, the latest data from Shanghai Metals Market shows that on June 18, the early-market average price of battery-grade lithium carbonate fell by 800 yuan from the previous working day to 168,800 yuan per ton. In addition to routine factors such as pre-holiday risk-avoidance demand, an analyst who did not wish to be named told Jiemian News that rumors have resurfaced in the market about an accelerated restart of production at the Jianxiawo lithium mine located in Yichun under CATL, leading to a broad expectation that supply will rebound in the future. That afternoon, a reporter learned from the Land and Space Use Regulation Department of the Jiangxi Provincial Department of Natural Resources that Yichun Times New Energy Mining Co., Ltd. (referred to as “Yichun Times”) had reobtained on June 17 the “Construction Project Land Use Preliminary Examination and Site Selection Opinion Letter” for the Jianxiawo lithium mine project. The document is valid from June 17, 2026 to June 17, 2029. (Jiemian News)
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