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CATL’s Jianxiawo lithium mine remains closed pending environmental approval
Credit: Millennial Lithium Corp.Chinese battery maker CATL’s Jianxiawo lithium mine remains pending environmental approval, state media reported on Friday.
The mine, in the city of Yichun in Jiangxi Province, is also undergoing maintenance, and no ore transportation or crushing is taking place, Shanghai Securities News reported, citing the Yifeng County Ecology and Environment Bureau.
CATL has been asked to complete environmental impact assessment approval procedures as soon as possible, the news outlet cited the bureau as saying.
The bureau comments came amid speculation over the mine’s reopening and expectations it could quickly return to full production, Shanghai Securities News reported.
The project’s mineral designation was changed to lithium ore from ceramic clay containing lithium, requiring CATL to prepare a new environmental impact assessment report, which was published for public consultation on July 27.
CATL suspended operations at Jianxiawo in August 2025 after its mining licence expired.
The company obtained a safety production permit on June 29, clearing a key regulatory hurdle towards restarting the mine after a nearly year-long suspension.
The most-active September lithium carbonate contract on the Guangzhou Futures Exchange gained 1.36% as of 0615 GMT. Shares of CATL were little changed, dipping 0.02%.
(Reporting by Joe Cash in Beijing and Dylan Duan in Shanghai; Editing by Muralikumar Anantharaman and Christopher Cushing).
Chinese battery maker CATL’s Jianxiawo lithium mine remains pending environmental approval, state media reported on Friday.
The mine, in the city of Yichun in Jiangxi Province, is also undergoing maintenance, and no ore transportation or crushing is taking place, Shanghai Securities News reported, citing the Yifeng County Ecology and Environment Bureau.
CATL has been asked to complete environmental impact assessment approval procedures as soon as possible, the news outlet cited the bureau as saying.
The bureau comments came amid speculation over the mine’s reopening and expectations it could quickly return to full production, Shanghai Securities News reported.
The project’s mineral designation was changed to lithium ore from ceramic clay containing lithium, requiring CATL to prepare a new environmental impact assessment report, which was published for public consultation on July 27.
CATL suspended operations at Jianxiawo in August 2025 after its mining licence expired.
The company obtained a safety production permit on June 29, clearing a key regulatory hurdle towards restarting the mine after a nearly year-long suspension.
The most-active September lithium carbonate contract on the Guangzhou Futures Exchange gained 1.36% as of 0615 GMT. Shares of CATL were little changed, dipping 0.02%.
(Reporting by Joe Cash in Beijing and Dylan Duan in Shanghai; Editing by Muralikumar Anantharaman and Christopher Cushing).
ENAMI says China antitrust review of Rio Tinto lithium project delayed
The Chinese antitrust regulator review into a lithium project involving Chile’s state-run ENAMI and miner Rio Tinto (ASX: RIO) will be delayed by a few months, the head of the South American company said on Thursday.
ENAMI Executive Vice President Juan Carlos Saez told a legislative session that once approval is secured, the company will proceed with Rio Tinto to develop the Salares Altoandinos project, which requires an estimated investment of over $3 billion.
“They have just delayed it; it was supposed to be delivered around July or August. I believe they are going to delay it a few more months,” he told lawmakers.
ENAMI projects the initiative will begin operations in 2032 with an annual output of 35,000 metric tons, gradually increasing to 75,000 tons over three years.
(Reporting by Fabian Cambero, Editing by Iñigo Alexander)
Albemarle quarterly profit surges on rising lithium prices
Albemarle (NYSE: ALB), the world’s largest producer of lithium for batteries, posted a spike in quarterly profit on Wednesday due to a jump in prices for the ultralight metal.
The results reflected an improvement in the lithium market after a supply glut forced the company and peers last year to cut staff and curtail growth projects.
Albemarle said the average price it received for its lithium rose 61% during the quarter and its sales volumes increased 11%.
“We continue to see resilient demand fundamentals across our core markets, including energy storage, electric vehicles, and semiconductors,” CEO Kent Masters said in a statement.
The company, which operates across the Americas, Australia, Asia and Europe, reported second-quarter net income of $480 million, or $3.52 per share, compared to $22.9 million in the year-ago quarter.
Excluding one-time items, Albemarle earned $3.75 per share. By that measure, analysts expected earnings of $3.24 per share, according to IBES data from LSEG.
Shares gained 1% to $120 in after-hours trading on Wednesday.
The Charlotte, North Carolina-based company plans to hold a conference call on Thursday to discuss the results.
(Reporting by Ernest Scheyder; Editing by Nia Williams and Jamie Freed)
Stardust Power signs lithium supply deal with Charge CCCV
US lithium developer Stardust Power (NASDAQ: SDST) announced Wednesday it has entered into a non- binding Letter of Intent with battery technology company Charge CCCV LLC, (CV4) for the supply of battery-grade lithium carbonate from Stardust Power’s lithium refinery in Muskogee, Oklahoma to support C4V’s battery manufacturing joint ventures in the US.
C4V provided a preliminary lithium carbonate demand forecast showing a phased approach for the potential offtake of 3,000 MT in 2028; 10,000 MT in 2029 and 20,000 MT by 2030.
Stardust said the agreements, if finalized, could cover a large share of its planned lithium production and could generate billions of dollars in sales if lithium prices remain at current levels.
The deal comes as the US races to secure domestic sources of lithium amid growing concerns over reliance on imports from China.
In February, the refiner inked a deal to supply Japan’s Sumitomo Corporation with at least 20,000 tonnes of lithium carbonate a year when its refinery in Oklahoma enters production.
In June, Stardust Power was selected for a US Department of Energy-funded research program to develop next-generation electrochemical technology for the extraction of lithium from waste.
“C4V is one of the few gigafactory platforms currently operating in the United States, and their forecasted demand profile highlights the scale of domestic battery manufacturing now taking shape,” Stardust Power CEO Roshan Pujari said in a news release.
Stardust Power stock closed the day down 8.5% on the Nasdaq. The company has a $6.6 million market capitalization.
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