The prices and shares of lithiumspring after he stopped a large mine of "Catl"

Lithium prices and its shares jumped after the “Conteimborary Ambax Technology” business (Catal) suspended its activities in one of the largest mines, which strengthened hope with a greater reduction in production, at a time when China strengthened its campaign to reduce the surplus production capacity in different aspects of its economy. The “Tiang Litium” arrow in Hong Kong increased by 19%, while Ganfing Lithium Group jumped by 14%, to the “Conteimborary Ampix technology”, the largest producer in the world, confirmed its closure as an important lithium mine in China. The prices of the metal on the Guangzhu Stock Exchange also rose to the maximum daily, with the opening of Monday’s trade. The lithium industry has a surplus in the global supply and slowdown in the growth of electric car demand compared to expectations, and the mining mine stops as an important step towards production production. Lithium prices recorded a record level in 2022 before being imposed by about 90% since, which has asked companies around the world to reduce spending and postpone expansion plans. Lithium production stopped. The company, “Conteimborary Ambols Technology”, stopped the production in the “Gianchiao” mine in the Chinese province of Jiangschi for a period of no less than three months, according to people informed at the end of the week at the end of the week, following the expiration of the mining license on August 9. The huge enterprise in the field of the manufacture of electric motor batteries confirmed on Monday that it had stopped the operations without making an appointment to resume, and explained that it had applied to renew the mining license, and would resume the production as soon as possible, expected the impact of this to the total activity. Most traded lithium carbonate contract on the Guangzjo Stock Exchange also jumped at the maximum daily limit of 8% at the opening of the two transactions, according to traders who saw the direct prices and asked not to name their names because they did not obtain permission to declare in public. The Friday array. Chinese city of Yichun carefully, which has become an important center for batteries. Ampex technology “does not change the reality of the surplus stock in the market. However, if the production is broken to other mines in Yichon. Promoting morally in the short term.